url
stringlengths 36
564
| archive
stringlengths 78
537
| title
stringlengths 0
1.04k
| date
stringlengths 10
14
| text
stringlengths 0
629k
| summary
stringlengths 1
35.4k
| compression
float64 0
106k
| coverage
float64 0
1
| density
float64 0
1.14k
| compression_bin
stringclasses 3
values | coverage_bin
stringclasses 3
values | density_bin
stringclasses 3
values |
|---|---|---|---|---|---|---|---|---|---|---|---|
http://www.people.com/article/eva-gutowski-headlines-girls-night-in
|
http://web.archive.org/web/20150801031844id_/http://www.people.com:80/article/eva-gutowski-headlines-girls-night-in
|
YouTube's MyLifeAsEva to Headline Girls Night In YouTube Tour : People.com
|
20150801031844
|
07/29/2015 AT 05:50 PM EDT
Fan-favorite YouTubers are stepping away from their channels to meet and mingle with their loyal followers at Fullscreen's
fans, get excited: Lifestyle vlogger Eva Gutowski is heading out on a 20-city tour along with
, which kicks off on Sep. 22 at House of Blues in Anaheim, California.
This year will mark the first all-female tour, titled "Girls' Night In." Much like its inaugural year, the digital media event – similar in spirit to
– will continue to bring the online experience offline and onto the stage with its medley of meet-and-greets and live performances from YouTubers and Vine sensations alike. (Last year's tour garnered a a whopping number of
, Connor Franta and Jennxpenn, included.)
"Through tours and live events like this, we're well-positioned to enhance real-life connections between creator and audience," said Fullscreen president Ezra Cooperstein.
|
Lifestyle vlogger Eva Gutowski will take on the role of master of ceremonies
| 14.230769 | 0.692308 | 1.615385 |
low
|
low
|
mixed
|
http://www.people.com/article/mariah-carey-25-years-music-videos
|
http://web.archive.org/web/20150804122721id_/http://www.people.com:80/article/mariah-carey-25-years-music-videos
|
What We've Learned from 25 Years of Mariah Carey Videos
|
20150804122721
|
Twenty-five years ago this week,
Hot 100 for the first time. Her self-titled debut album had dropped the previous June, and on Aug. 2, the album's first single, "Vision of Love," hit the no. 1 spot, where it stayed until Sept. 1.
Carey has been a fixture of pop culture ever since. Following "Vision of Love," Carey has racked up 17 more No. 1 singles, the most of any solo artist in pop music history – yes, even more than
had more, at 20 No. 1 hits.
Over the years, the videos that have accompanied these hit singles have shown many different sides to Mariah, from the heartbroken balladeer to the lovesick dreamer to the jet-ski riding assassin. And believe it or not, there's something to be learned from each hit.
Today, we're celebrating the silver anniversary of Carey's pop music reign by looking at all the lessons her videos have imparted.
The big take-away: When you're heartbroken, the best solution is to sit in front of your giant, garage door-sized picture window and wait it out, occasionally breaking into
have a giant picture window in your house, right? You
sing in the whistle register, right?
Bonus lessons: The beautiful curls of early '90s-era Mariah are unfazed by the passing of time and rapidly-cycling weather patterns. Also? Heartbroken Mariah does
play on swings when she is sad, no matter how temptingly they dangle in the breeze. (Happy Mariah does, however – and she would six years later in the video for "Always Be My Baby.")
The big take-away: Still heartbroken? Hit the beach. Alone, perhaps on a private beach. It may not cure your love blues, but you'll look like a perfume ad as you gaze longingly at the crashing waves.
Bonus lessons: Always dress appropriately for variable beach weather. Here, Mariah fights a chilly beach day – symbolic of the lack of warmth she's feeling toward the relationship she's singing about – with a shawl that matches her bathing suit, proving that beach-hardiness can be stylish.
The big take-away: The frumpy girl who wore overalls in high school may grow up into a sexy singer lady who rocks a pair of high-waisted jeans and shows all the boys what they missed out on.
Bonus lessons: In time, you'll learn how to let your curly hair work for you, not against you. Also, you apparently get to dance in a sultry fashion in your old high school, hall passes be damned.
The big take-away: Wandering barefoot through a wheat field makes for a unique opportunity for a come-hither look.
Bonus lessons: Empty picture frames leaned against a wall is a strong decor choice that allows you to suggest both heartbreak and an artfully ramshackle, bohemian vibe.
The big take-away: It is entirely appropriate for a group of hip twentysomethings to throw a petting zoo party. We'd like to think that the lyric "You got me feeling emotions" was directed at the animals.
Bonus lessons: Nearly 30 years later, everyone is using Instagram filters to desaturate and tint their party photos to look more or less like this video. Mariah was ahead of the curve on this one.
The big take-away: A true diva doesn't need to dance and doesn't need the stage to herself. She can just stand there, in front of a host of backup singers, and still be a commanding presence based on the merits of her voice alone.
Bonus lessons: Not everyone can cover the Jackson 5 and make it their own. Mariah can.
The big take-away: Yes, having an entire troupe of sexy male dancers performing a choreographed routine for you is great. But even better, apparently? Sailing away solo in a hot air balloon. Mariah has her priorities.
Bonus lessons: No bathing suit? Just swim with your clothes on. And yes, Mariah can pull off the "Ely Mae from
" look better than you might have guessed.
The big take-away: It's weird to say "less is more" when Mariah is performing in a theater with a full orchestra backing her, but in terms of music videos, it's pretty straight-forward: It's just Mariah singing. When you dispense with elaborate concepts, special effects and all that, you really have no choice but to sit there and take in how great her voice actually is.
Bonus lesson: Okay, maybe in addition to her voice, you can also appreciate those curls. Somewhere out there is a curly-haired girl who grew up alongside early '90s-era Mariah and decided, "If she didn't straighten her hair, I don't need to either."
The big take-away: If you want something done right, do it herself. After being less-than-satisfied with some of her previous videos, Mariah opted to direct this one herself. That's kind of a big deal, especially when you consider the shots where she is directing herself singing while riding a roller coaster.
Bonus lesson: Clowns are still scary. Yes, the video is fun, but that clownâ¦
The big take-away: A good collaboration is a special thing. For this song, Mariah teamed up with
. In lieu of a "real" video, this one is just behind-the-scenes footage of the singers in the studio, hanging out. Rather than put out a fictional clip to promote the video, Mariah and Boyz II Men are just showing you how the song was actually made.
Bonus lesson: Dogs make everything better. It's a well-documented fact that
, and it's therefore cool that her pooch snuck in a few cameos into this video.
The big take-away: Your first summer love is one you never forget – especially if it happens in an idyllic summer camp setting like the one in the video.
Bonus lesson: Mariah may be the most lax camp counselor ever. She knew those two lovebirds snuck out into the woods at night. She knew they were playing in the water. Didn't she ever watch
The big take-away: Art that appears to be thinly veiled commentary can get people talking. The "Honey" video came out as the singer was divorcing
, former Sony CEO, and many concluded that the video – a high-concept departure from previous efforts – was
Bonus lesson: It's good to shake up your image. In every previous video on this list, Mariah is dressed rather conservatively. In this one, she shows more skin than she ever previously had.
The big take-away: Symbolism allows you to convey a lot without explicitly saying it. She's in a giant clamshell. He's in a lighthouse. You can do the math.
Bonus lesson: It's never a bad idea to revisit your past. Consider this video in context with the one for "Love Takes Time." They're both beachside videos shot in black and white, but while the "My All" is steamy, "Love Takes Time" seems downright frigid by comparison.
The big take-away: You can be your own worst enemy – in that Mariah's character initially doesn't want to confront her cheating boyfriend (
) and also that the woman he's seeing on the side is just a brunette version of Mariah.
Bonus lesson: Ten years before
played opposite an evil, brunette version of herself in "You Belong to Me," Mariah had already done it, and with a martial arts sequence to boot.
The big take-away: She's not just "singer Mariah Carey," she's "singer-songwriter Mariah Carey." And those shots at the beginning of this video of Mariah scribbling in a notebook serves to remind you of this fact.
Bonus lesson: Multi-part harmonies show you're a team player, even if you're largely a solo artist.
The big take-away: Recycling is important. For this video, which has her walking to the altar to marry an older man, Mariah donned the actual
wedding gown that she wore when she wed Mottola – surely just because it happened to be handy and for no more meaningful reason at all.
Bonus lesson: Keep them guessing. In the video,
plays the guy that Mariah wants to marry even though she's supposed to wed Eric Roberts' character. Since she overlaid her own life into the video by repurposing her actual wedding gown, it begs the question: Does Miller's character represent someone from Mariah's past?
The big take-away: Crib from the best. The scene where Mariah climbs out of the pool was
final film, the unfinished, unreleased
Bonus lesson: Soccer goals can be sexy. Who knew?
The big take-away: Own it. In this video, Mariah isn't playing a character. She's playing Mariah Carey. That makes it all the more remarkable that this song has the most explicitly sexual title of all her No. 1 hits.
Bonus lesson: You can never go wrong with
characters in supporting roles in music videos.
|
The singer scored her first No. 1 hit 25 years ago, and we're listing all of her No. 1 hits since
| 73.8 | 0.88 | 2 |
high
|
medium
|
mixed
|
http://www.people.com/article/phil-rudd-acdc-breaks-house-arrest-drinking-alochol
|
http://web.archive.org/web/20150804122742id_/http://www.people.com:80/article/phil-rudd-acdc-breaks-house-arrest-drinking-alochol
|
AC/DC Drummer Phil Rudd Accused of Breaking House Arrest Terms : People.com
|
20150804122742
|
08/03/2015 AT 04:30 PM EDT
On Monday, AC/DC drummer Phil Rudd appeared before a judge in Wellington, New Zealand, to plead not guilty to breaking the rules of his home detention sentence by drinking alcohol,
The 61-year old Australian native was arrested in his home on July 18 and accused of possessing and consuming alcohol, which would violate the terms of his house arrest. Rudd was sentenced to
on July 9 after pleading guilty to
a former employee and possessing methamphetamine and marijuana.
On Monday, the New Zealand judge allowed the drummer to remain in home confinement while he waits for a November hearing on the possible violation. The judge also ordered that Rudd must undergo regular drug and alcohol tests at the request of police.
If the judge finds Rudd guilty of breaking the terms of his conditions, he could face further punishment, including possible prison time.
reported that when Rudd exited the courthouse on Monday, he told reporters, "The only thing I'm nervous about is I don't, I don't actually don't know what's going on." He also said he would be spending the rest of his time on bail focusing on "self-improvement."
Strange behavior in front of the media has become a regular courthouse feature from Rudd. At one hearing he
and reportedly winked at journalists.
Although Rudd has said that he hopes to return to AC/DC as the drummer after his home confinement, his future with the band remains unclear. Earlier this year,
that they would be launching the "Rock or Bust" North American tour in August, with Chris Slade substituting for Rudd.
Representatives for AC/DC did not immediately respond to PEOPLE's request for comment.
|
Authorities claim Phil Rudd drank alcohol, which would violate his eight-month confinement rules
| 21 | 0.6875 | 2.0625 |
medium
|
low
|
mixed
|
http://www.bostonglobe.com/arts/music/2015/07/30/documentary-about-cambodian-rock-before-killing-fields/N6pcbBTLIWwCUEsN2OokYI/story.html
|
http://web.archive.org/web/20150805223428id_/http://www.bostonglobe.com/arts/music/2015/07/30/documentary-about-cambodian-rock-before-killing-fields/N6pcbBTLIWwCUEsN2OokYI/story.html
|
An unexpected look into Cambodian rock before the killing fields
|
20150805223428
|
“When we were young, we loved being modern,” an unseen female narrator says at the start of “Don’t Think I’ve Forgotten: Cambodia’s Lost Rock & Roll,” the 2014 documentary film directed by John Pirozzi. The words are spoken in Khmer, Cambodia’s official language, and translated onscreen, accompanied by stark graphics and ominously rumbling music composed by Scot Stafford. “Then Pol Pot took over Phnom Penh in 1975,” the narrator continues. “I was a singer.” An old photograph of a lovely young woman, smiling and chic, materializes slowly, its sepia tone connoting faded memories.
There is a surprise waiting in “Don’t Think I’ve Forgotten,” a labor of love that Pirozzi painstakingly assembled over a span of close to a decade, although the story it tells holds no mystery. Anyone who knows the history of modern Cambodia — its peaceful liberation from French occupation in 1953, its rush to modernization under the culturally enlightened monarch Norodom Sihanouk, the incursion of the Vietnam War, and the blood-soaked rise to power of Pol Pot’s Khmer Rouge regime, which exacted a horrific toll on intellectuals and artists in particular — will understand that Pirozzi’s topic is not the stuff of happy endings.
photo from personal collection of Mol Kamach
The band Baksey Cham Krong in the film “Don’t Think I’ve Forgotten: Cambodia’s Lost Rock & Roll.”
The surprise, then, is how much tangible evidence of a thriving, joyous Cambodian musical scene the director was able to retrieve and bring to light. Pirozzi, who became aware of Cambodian pop while working on Matt Dillon’s feature film “City of Ghosts” in 2001, pursued his subject with a detective’s resourcefulness and a music nerd’s gusto. In a previous documentary, “Sleepwalking Through the Mekong” (2007), he took the members of Dengue Fever, a Los Angeles band inspired by vintage Khmer pop, to Cambodia, the native land of its lead singer, Chhom Nimol, and tracked down some of the surviving artists of that era.
Some of the biggest names in Cambodian pop, understandably, were no longer around to participate — in particular Sinn Sisamouth, a suave, prolific, and trend-setting singer who might be considered the Khmer Sinatra, and who is presumed to have died in the Killing Fields. But Pirozzi located and interviewed witnesses, scholars, and a key handful of musicians, such as Sieng Vanthy. Hers, it turns out, are the voice and the image that open the film. In a gripping interview, Vanthy, who died in 2009, reveals that she’d survived an encounter with the Khmer Rouge by claiming to be a banana merchant.
Through miraculously preserved film footage, as well as old photographs and album covers, we are introduced to a lively, swinging milieu that suits perfectly Cambodia’s embrace of all things modern in the ’50s. Its participants — artists and listeners alike — are young and happy, their adoption of French and English styles, Latin American influences, and American appropriations adept and joyous. Viewers will delight in discovering acts like the twangy Baksey Cham Krong, Cambodia’s eminent surf-guitar combo, and the heavier, funkier Drakkar — both of which have reunited to reap unexpected benefits provided by screenings of Pirozzi’s film.
The music, the stuff of cultish collectors for decades, is thrilling. And although there is genuine horror in the way that many of these luminaries were cast into shadow, prematurely and brutally, there remains a certain triumph to be had in Pirozzi’s film. It offers confirmation, if not exactly consolation, that brighter efforts of the human spirit can sometimes persevere.
• ‘The Look of Silence’ revisits the 1965 Indonesian genocide
• Following the path of justice in Florida in ‘3½ Minutes, Ten Bullets’
• In ‘The Tribe,’ a school for the deaf becomes the world
|
The documentary “Don’t Think I’ve Forgotten: Cambodia’s Lost Rock & Roll” reveals a very unexpected side of Khmer culture.
| 29.038462 | 0.884615 | 7.884615 |
medium
|
medium
|
mixed
|
http://www.bostonglobe.com/business/2015/08/04/temporary-food-court-pru-fills-gap-before-eataly-opens/xI1rbpCYv0mbIRtA36nd7M/story.html
|
http://web.archive.org/web/20150807180835id_/http://www.bostonglobe.com:80/business/2015/08/04/temporary-food-court-pru-fills-gap-before-eataly-opens/xI1rbpCYv0mbIRtA36nd7M/story.html
|
Temporary food court in Pru fills gap before Eataly opens
|
20150807180835
|
Temporary pop-up restaurants have replaced the Prudential Center food court that shut down in late June in anticipation of the opening of Eataly, a $20 million Italian food emporium, in September 2016.
The stations in the Belvidere Arcade section is open from 11 a.m. to 3 p.m. Monday through Thursday and will offer prepared food from a rotating collection of local vendors such as Chicken & Rice Guys, Sa Pa Modern Vietnamese, Pennypacker’s Fine Foods, Boston Burger Company, and Viga Catering.
Boston Properties did not immediately respond for comment. Boston Properties partnered with Fooda, a food logistics company that facilitated the market in the Pru, according to Mark Barry, the director of the Boston market of Fooda. Barry added that Fooda is in talks with Boston Properties to possibly keep the market around even after Eataly opens up.
“It’s been amazing,” he said. “We’ve been doing between 700 to 900 meals a day. It’s been going really well.” Soon, Fooda will bring in carts with steam tables and refrigerators.
Chicken & Rice Guys senior operations manager Damien Yee said that his eatery has been quite popular, with customers walking from as far as Copley Place to come try out the eateries.
“It’s a really nice ambience,” he said. “It’s a good variety of food.”
Workers at the Pru lost access to the quick-lunch options of Panda Express, Regina Pizzeria, Boston Chowda, and other vendors in their old food court.
But, soon they will be eating at Eataly, which has a 15-year lease with a five-year extension in the Prudential Center. It will be a 44,000-square-foot, three-floor retail and restaurant spot with fresh produce, food counters, and restaurants meant to emulate an Italian piazza. Eataly, founded by famed chef Mario Batali, has three locations in the US and another in Turin.
|
A temporary food court has replaced the food court at the Prudential Center that shut down in late June, in anticipation of the opening of Eataly, a $20 million Italian food emporium in the center, in September 2016.
| 8.627907 | 1 | 6.72093 |
low
|
high
|
mixed
|
http://www.people.com/article/hillary-clinton-jeb-bush-fight-planned-parenthood-womens-health
|
http://web.archive.org/web/20150807232659id_/http://www.people.com:80/article/hillary-clinton-jeb-bush-fight-planned-parenthood-womens-health
|
Hillary Clinton and Jeb Bush Fight Over Planned Parenthood, Women's Health : People.com
|
20150807232659
|
Jeb Bush and Hillary Clinton
08/05/2015 AT 02:55 PM EDT
went after her Republican rival
on Twitter Tuesday, hours after he said, "I'm not sure we need a half a billion dollars for women's health issues," during a discussion on Planned Parenthood at a meeting of the Southern Baptist Convention.
Responding to a Tweet quoting the former Florida governor, Clinton said:
.@JebBush: You are absolutely, unequivocally wrong. https://t.co/a6O17dlEh4
It wasn't long before Bush hit back just as hard, Tweeting:
.@HillaryClinton what's absolutely, unequivocally wrong is giving taxpayer $ to an org whose practices show no regard for lives of unborn
on his website about his initial comment saying he "misspoke," but Clinton later doubled down on her attack at an organizing event in Denver Tuesday night, saying, "Just today we got another window into what Republican candidates really believe. Jeb Bush said he's not sure we need half a billion dollars for women's health issues."
"Now, he's got no problem giving billions of dollars away to super-wealthy and powerful corporations, but I guess women's health just isn't a priority for him," she added, according to
"This really isn't complicated. When you attack Planned Parenthood, you attack women's health. When you attack women's health, you attack America's health. The truth is, what Jeb said, the other Republican candidates believe, too, and that's not the only example of them being out of touch and out of date."
Bush hasn't respond to Clinton's comments.
The public feud comes amid Republican efforts to strip the embattled Planned Parenthood Federation of America of its federal funding after a series of damaging
kicked up a firestorm over the group's abortion practices.
Clinton recently called the videos "disturbing," but she's still standing by Planned Parenthood, releasing a video Monday slamming Republicans for trying to defund the group.
|
"I guess women's health just isn't a priority for him," Hillary Clinton said of Jeb Bush
| 18.190476 | 1 | 8.714286 |
medium
|
high
|
extractive
|
http://abcnews.go.com/2020/t/video/live--18690272
|
http://web.archive.org/web/20150809151606id_/http://abcnews.go.com/2020/t/video/live--18690272
|
You Live Where? Video - ABC News
|
20150809151606
|
Transcript for You Live Where?
As "20/20" continues, nick watt asks, you live where? Reporter: Suburbia. It's the american dream. The family home, the white picket fence. But what about those people who live their lives on the edge? Under ground, on the edge. Topeka, kansas. An atlas e underground missile base. Once home to a 4 megaton nuclear missile capable of wiping a soviet city off the map. And now it's ed and diana peden's home. Seriously. We've renamed it subterra. Reporter: A gigantic subterranean mansion, 17-feet underground. This is the great room, formerly the diesel generator room. Reporter: It's now a party room. Space for a hundred guests. This room is I believe 54 feet by 54 feet. Reporter: And, in this very room, two men once sat around the clock ready to fire a missile, 300 times more powerful than the bomb dropped on hiroshima. It would have launched from what is now ed's garage. Diana particularly thought that was kind of heavy energy. So what we've done is bring in an eclectic collection of some spiritual artifacts. Reporter: The pedens bought THE PLACE IN THE 1980s FOR 0,000. We probably couldn't afford to live here if it wasn't underground, which makes the heating and cooling much, much easier. Reporter: The only part of the house above ground, a green house and a watch tower they installed so they can get some air, take in the view, such as it is. Meanwhile, over in new york city ad exec betsy petropolous lives in a killer townhouse. Really, really lovely. Now, if this was pretty much anywhere else in brooklyn -- I would say this house would have gone for 40% to 50% more. Reporter: Why did she get such a deal? Dead people. Right there. Reporter: The green wood cemetery. One of the biggest in new york city. Home to over half a million dead people. One moved in the day we visited. But there are upsides. A dead neighbor is a quiet neighbor. Absolutely. No partying. None. Whatsoever. Yeah. And I don't, I have drapes, but I really don't need them. Who's, who am I hiding from? Very, very few peeping tom cadavers. Reporter: And the cemetery is kind of like a lovely park. There's a lake and everything. Leonard bernstein, among man others, is buried in this urban oasis. But, and there's a big but. Aren't you worried about the zombie apocalypse? I am worried about the zombie apocalypse. Reporter: You're the first victim. I am the front line. Reporter: But maybe it's best to go quick. In a way, I suppose. To be ripped apart and consumed by leonard bernstein. There are worse things. Reporter: Okay, so betsy lives just outside a cemetery. This family from southampton, england, I wish they were called the adamms, they live inside a cemetery. Inside. Let's call it suburgatory. We are not secret goths with a morbid fascination of the undead. Quite the opposite. It's a serene place to live. We can be as loud as we like. Nobody complains, and that's how we like. Reporter: Their living space was once a mortuary. It's a little spooky because I think probably where we eat is exactly where the bodies would have lain. People peer in, thinking there's nobody here. And then we all jump out of our seats, and try and make them as uncomfortable and frightened as we can. Reporter: You get more space for your money, because not everyone wants an angel watching over them. Now, on that issue of space. The average home in this great country is nearly 2,500 square feet. So what in the name of lincoln's whiskers is this? It's called micro living. A brand new block in san francisco. But who's going to live here? One bed, one bath, living room and kitchen all in one 295 square foot space. I'm imagining a single person? Probably have a lot of that. Although you could have couples. As we like to say in our office, in the early stages of romance when they still like each other! Reporter: Look the window seat doubles as a table and chairs. There's a washer/dryer. There's the dining table/murphy bed. I like it. Very bijou. I'm taking this place for a test drive. It's tighter than a lot of hotel rooms, tighter than a lot of RVs. If someone goes for a wee are we gonna hear them weeing? No, I don't think we're going hear them weeing. Reporter: I've invited seven people for dinner. What would my guests think? Hang on. Hi, I'm nick. Find some place to put your coat. Yeah, don't put it in the couch, we need that for sitting. Reporter: Everyone all right over there. We are great it's really good to see you guys. Reporter: Excellent, got rid of them. My only complaints. I got very hot and at the end of the night, I was too tired to tidy up. And who wants to wake up so close to that in the morning.
This transcript has been automatically generated and may not be 100% accurate.
|
Meet a couple who live in a former nuclear missile base, and another in a cemetery.
| 59.5 | 0.777778 | 1.444444 |
high
|
low
|
abstractive
|
http://www.cnbc.com/2014/03/04/oracle-faces-ouster-from-oregon-obamacare-website.html
|
http://web.archive.org/web/20150810050147id_/http://www.cnbc.com/2014/03/04/oracle-faces-ouster-from-oregon-obamacare-website.html
|
Oracle faces ouster from Oregon Obamacare website
|
20150810050147
|
Also last week, the Obama administration announced a rule change that was designed to help residents of states with troubled Obamacare websites, including Oregon, Maryland, Massachusetts, Hawaii and Nevada, pay for insurance they bought outside those exchanges in frustration with the sites' problems. The rule change could, if adopted by the states, allow people who had bought nonexchange plans to obtain federal tax credits to help pay for that insurance if they were unable to get their eligibility for those credits determined by the websites. The fix is the first time that Obamacare subsidies will be allowed for nonexchange plans.
Despite its continued inability to enroll people online, Cover Oregon has managed to sign up about about 123,000 people. About two-thirds have been in the Oregon Health Plan, the state's Medicaid program, with the rest in private Obamacare plans.
Those numbers have put Oregon in the middle of the pack for Obamacare sign-ups in all 50 states and the District of Columbia.
However, because of its website woes, Oregon has asked the federal government for a month-long extension of the open enrollment period for Obamacare plans, which is now due to close March 31.
—By CNBC's Dan Mangan. Follow him on Twitter @_DanMangan.
|
Oregon's crippled Obamacare exchange is making moves that could remove primary vendor Oracle from future work.
| 13.277778 | 0.388889 | 0.388889 |
low
|
low
|
abstractive
|
http://www.people.com/article/8-dead-houston-home-standoff
|
http://web.archive.org/web/20150811010918id_/http://www.people.com:80/article/8-dead-houston-home-standoff
|
8 Bodies Discovered, Suspect in Custody, Following Standoff at Houston Home : People.com
|
20150811010918
|
08/09/2015 AT 01:05 PM EDT
A 49-year-old man is in custody after a standoff with sheriff's deputies at a Houston-area home Saturday night, and the discovery of eight dead bodies (three adults, five children) in the residence, officials told
The suspect's identity, a possible motive, causes of death and the ages and genders of the deceased have not been released. The sheriff's office will hold a 3 p.m. news conference Sunday to release more information,
Harris County Sheriff's deputies were called to the residence at about 9 p.m. local time for a welfare check, spokesman Thomas Gilliland said at a press conference. The deputies were unable to make contact with anyone in the home, and soon learned that inside was a man wanted on a warrant of aggravated assault against a family member.
While surrounding the home, deputies observed through a window the body of a young juvenile, Gilliland said. A sergeant and three deputies then entered the home and, at that point, the 49-year-old suspect allegedly began firing a weapon, Gilliland said.
The officers retreated until the arrival of the High Risk Operations Unit and hostage negotiators, who talked the man into surrendering, Gilliland said.
In a subsequent search of the home, officers discovered the bodies.
"I cannot believe it," one neighbor told KHOU. "I am in horrific shock."
|
A motive or causes of death for the deceased have not been released
| 20.769231 | 0.923077 | 3.692308 |
medium
|
medium
|
mixed
|
http://www.bostonglobe.com/business/2015/08/10/apps-step-help-delayed-travelers-loath-leave-money-runway/r6EgL3YsKdf3rusEn5zD1L/story.html
|
http://web.archive.org/web/20150815050055id_/http://www.bostonglobe.com:80/business/2015/08/10/apps-step-help-delayed-travelers-loath-leave-money-runway/r6EgL3YsKdf3rusEn5zD1L/story.html
|
Apps step up to help delayed travelers
|
20150815050055
|
NEW YORK — Ricardo Vice Santos, chief executive of an app startup, missed a meeting with prospective investors in Stockholm this spring because his Scandanavian Airlines flight from Paris was canceled.
He lost out on the business opportunity, but got compensation for his disrupted trip, thanks to a European Union regulation mandating that if a flight is overbooked or canceled.
He did not make the claim to SAS on his own, but sought assistance from AirHelp, one of an increasing number of online companies that help travelers make claims against airlines.
Santos’s flight was canceled March 26; he filed his claim immediately with AirHelp and got compensation of 300 euros May 19.
The claim “wasn’t so much about the money but about someone exercising his rights, making a statement.”
To file a claim on his own, he said, would have meant being on the phone for 30 minutes or more — time he could not afford to lose. “I like that it didn’t cost me any time, that someone is looking out for my rights,” he said.
The EU regulation stipulates that passengers must be compensated if the flight is canceled or overbooked. Compensation, from 250 to 600 euros, is not required if a delay is due to events beyond the airline’s control, like bad weather or a strike.
Henrik Zillmer, CEO of AirHelp, estimates fewer than 1 percent of travelers eligible for compensation collect it. Some, he said, are not even aware they are owed it. That gap has created an opening for companies like AirHelp, founded in 2013, and rivals AirRefund, Refund.me, FairPlane, and Flightright.
Applying is straightforward: Once a company like AirHelp determines a traveler is eligible for compensation, the company applies on the traveler’s behalf and will even take legal action to obtain it.
Fees are contingent on the success of a claim and range from 15 to 25 percent of the compensation. Most companies report close to 100 percent success rates, though payment can be delayed if litigation is required.
In the United States, though, consumers do not have the same level of protection. Airlines are not required to compensate passengers whose domestic flights are delayed or canceled.
Flights to and from the United States are governed by the Montreal Convention, which may allow a traveler to be reimbursed for expenses.
US law allows travelers to be compensated after being involuntarily bumped, however. Last year, AirHelp began processing those applications, as well. Compensation for such claims can run as high as $1,300.
As for the European laws, there is no guarantee that they will remain in place. Although the European Union has proposed making its regulations more consumer-oriented, some large European carriers are lobbying against moves in that direction.
|
Ricardo Vice Santos, chief executive of an app startup, missed a meeting with prospective investors in Stockholm this spring because his flight from Paris was canceled.
| 18.517241 | 1 | 19.482759 |
medium
|
high
|
extractive
|
http://www.bostonglobe.com/business/2015/08/10/drones-getting-way-emergency-responders/jIzdotpcIiHd52cEz3GYcI/story.html
|
http://web.archive.org/web/20150815050115id_/http://www.bostonglobe.com:80/business/2015/08/10/drones-getting-way-emergency-responders/jIzdotpcIiHd52cEz3GYcI/story.html
|
Drones getting in the way of emergency responders
|
20150815050115
|
SAN DIEGO — As Jason Thrasher lowered his helicopter to a park with seven firefighters aboard, he saw what he thought was another chopper battling a blaze threatening homes.
The Department of Forestry and Fire Protection pilot suddenly identified the object as a four-rotor drone only 10 feet from his windshield, forcing him to make a hard left to avoid a collision about 500 feet above ground.
‘‘If that drone came through my windshield, I have no idea what could have happened,’’ Thrasher said. ‘‘If that drone hits my tail rotor, for sure it’s going to be catastrophic.’’
The near-miss in September in Nevada City shows why drones have quickly become a serious concern for first responders, fueling calls for more oversight.
The US Forest Service has tallied 13 wildfires in which suspected drones interfered with firefighting aircraft this year, up from four last year. Last month, the sighting of five drones in a wildfire that closed Interstate 15 in Southern California and destroyed numerous vehicles grounded crews for 20 minutes as flames spread.
Firefighting agencies have introduced public service announcements to warn drone hobbyists, and lawmakers are seeking stiffer penalties.
‘‘When you can’t support firefighters on the ground, fires get bigger,’’ said Ken Pimlott, director of the California Department of Forestry and Fire Protection.
On Aug. 2, for the second time in three days, a commercial pilot reported a drone while approaching Kennedy International Airport in New York. On Sunday, four commercial flights between 2,000 and 3,000 feet in the air spotted a drone while prepping for landing at Newark Liberty International Airport.
On Tuesday, as fire engulfed a San Diego restaurant, the fire department pleaded with drone operators to leave the area.
A simple explanation for the growing number of encounters is that consumer drones are more common as prices fall. The Consumer Electronics Association predicts US sales of 700,000 this year, up from 128,000 in 2013. It estimates this year’s average sale price at $149, down from $349 in 2013.
Twenty members of Congress from California have asked the Federal Aviation Administration to consider a requirement for drone makers to include technology to prevent operators from interfering with first responders. A bill in the California Legislature would raise fines and introduce jail time for impeding firefighters; another would grant immunity to first responders who destroy interfering drones.
Most operators who flew near wildfires were probably unaware of the dangers, said Greg McNeal, a Pepperdine University law professor. Some are just reckless, he said, perhaps aiming to sell images no one else has.
Under FAA guidelines, drone hobbyists should fly no higher than 400 feet, stay clear of stadiums and people, and avoid flying within 5 miles of airports. During wildfires and other emergencies, the FAA imposes temporary restrictions.
Software can alert operators to FAA-restricted areas. But, some firefighting officials say, wildfires spread so quickly and unpredictably that there may be a dangerous lag before flight restrictions are in place.
|
As Jason Thrasher lowered his helicopter to a park with seven firefighters aboard, he saw what he thought was another firefighting chopper battling a blaze that was threatening homes.
| 18.645161 | 1 | 15.129032 |
medium
|
high
|
extractive
|
http://www.theguardian.com/artanddesign/2011/jan/10/tom-lubbock-obituary
|
http://web.archive.org/web/20150816041702id_/http://www.theguardian.com/artanddesign/2011/jan/10/tom-lubbock-obituary
|
Tom Lubbock obituary
|
20150816041702
|
Until the last months of 2010, Tom Lubbock, who has died aged 53, was mainly known for his work as the chief art critic of the Independent. Two events changed and broadened that public profile. The first was the publication, in the Observer, of When Words Failed Me, his long, painful but at times strangely beautiful memoir of two years' suffering from the brain tumour that was slowly killing him, and which eventually robbed him of the power to write or speak. But it was more than just a fine writer's eloquent lament for the tragic loss of eloquence: it was a prose poem about language and mortality.
Just a few weeks after this, the Victoria Miro Gallery, London, mounted an exhibition of the collages that Tom had made for the Saturday editions of the Independent between 1999 and 2004. It was widely and warmly reviewed, notably by the Turner prizewinner Mark Wallinger, who praised the way in which these "exquisitely crafted" pieces "addressed the world in many different registers – sardonic, caustic, erudite and celebratory, with instinct, intelligence and wit". The exhibition announced to the world something that Tom's friends had long known: Lubbock the art critic was also Lubbock the artist.
When I first met him, more than 30 years ago, he was Lubbock the cartoonist. It seemed as if within days of arrival at Cambridge University – he read philosophy and English at Corpus Christi College – he was adorning the pages of student magazines with ferocious daubs and scatological caricatures.
In those days, before he grew the trademark beard that gave him the air of a 19th-century Russian anarchist, his face was like that of a cherub who had done a sneaky deal with the devil. He tended to dress in odd headgear and old formal suits – part scruff, part dandy – and his fingers were perpetually stained with ink. He was charming, if a bit frightening and had the most infectious laugh I had ever heard: a kind of sustained bronchial explosion. When someone uses the word "glee", I can see the boyish Tom, grinning hugely (he had terrible teeth), blue eyes wide open as he thrilled to some fresh joke or conceit, body convulsed, almost breathless with mirth. He was a superb mimic, too.
Tom was a serious student, busy laying the foundations for what became a formidable erudition, but he threw himself into all manner of other activities, including journalism (he edited an edition of Granta, in its old incarnation), student theatre, and a series of elaborate pranks that are probably best left unrecorded. It was said that whenever the Corpus porters discovered some new Dada-style atrocity, the cry would go up: "Where's Lubbock?"
One college contemporary, who was in the habit of arranging his loose change in neat piles on the mantelpiece, recalls how Tom used to love knocking them over in pure relish of chaos. Another remembers going to Tom's room for the first time and finding a note pinned to the door by a hunting knife: "You will die, Lubbock", it read. He did not seem greatly perturbed.
After graduation, Tom moved to London and began to scrabble around in the world of newspapers and magazines. His family was rather grand – Liberal politician Sir John Lubbock was an ancestor; so was the distinguished literary critic Percy Lubbock – and he had been to Eton. But there was no money to underwrite a life of scholarly ease, so, like most of his college peers, he learned to survive on his wits. He was theatre editor of the exceptionally short-lived magazine Bad News, and a jack of many trades for Richard Branson's Event listings magazine; and he produced lots of illustrations, often in collage form. Gradually, his reputation as a writer of uncommon talent became recognised, and his byline became more frequent.
His career gathered momentum in 1985, when was taken on by the producer Tom Sutcliffe as a regular contributor to BBC Radio 3's arts programme New Premises, for which he wrote both serious essays – his debut piece was a searching appreciation of George Stubbs's equestrian paintings – and spoofs or satires. One of these was a cod-documentary about a Thatcherite agit-prop theatre company, which toured banks and wine bars and gentleman's clubs with such shows as Piss on the Fire, Jack, My Toast's Done. His collage-cartoons began to appear in the Mail on Sunday, and then the Observer, and he designed the opening credits for the Channel 4 television programme A Week in Politics.
Tom also appeared on TV himself, as a contributor to BBC2's The Late Show in its early days. In collaboration with the director Roger Parsons, he also wrote an innovative six-part comedy series for BBC2, The Wolvis Family (1991). As its fans have pointed out, there were elements of this comedy that anticipated both The Royle Family (six characters confined to a single room) and The Office (a deadpan, apparently earnest approach to its characters' absurdities). Wolvis bombed in the ratings, but fared surprisingly well in Australia. Perhaps its best audience was Tom himself, who sat in the studio control room all but exploding with delight, until he had to be thrown out.
Meanwhile, he worked as a radio reviewer for the Independent and then the Observer, and wrote many book reviews. Tom was exceptionally well-informed in several areas – literature, music, philosophy – and as a book reviewer, he could turn his hand to almost anything editors asked of him, but it was becoming increasingly clear that his mind was at its most forceful and innovative when he thinking about the visual arts. He wrote long essays for the journal Modern Painters between 1990 and 2002, and won the Hawthorden prize for art criticism in 1993.
His full-time work as a reviewer and essayist for the Independent began in 1997. Apart from his keen eye and his wide range of reference, Tom's virtues included bracing clarity (he never used art-speak or any other kind of higher waffle), utter honesty (he was never intimidated by reputations), and originality (even if you thought you knew his tastes, he could surprise you). He could also be howlingly funny. His essay about conceptual art, based on various things you might do with a toaster, should be mounted in every modern art gallery as a contribution to public sanity.
When not engaged in journalism or family life – he married the artist Marion Coutts in 2001; their son, Eugene, is three years old – Tom worked at more substantial projects. He wrote major catalogue essays on Goya and Ian Hamilton Finlay, and monographs on Thomas Bewick and Carol Rhodes. A collection of essays from his popular Independent series Great Works will be published this year, and there are three manuscripts of completed books: one on Bad Art, one on the English graphic tradition, and The Donkey's Head, on 17th-century painting. His friends also hope that the full-length version of When Words Failed Me will become a book soon.
The last word should go to Tom: they are the last words of that essay.
The final thing. The illiterate. The dumb.
After that it becomes simply the world.
• Thomas Nevile Lubbock, critic and illustrator, born 28 December 1957; died 9 January 2011
|
Collagist, illustrator and chief art critic of the Independent
| 143.8 | 0.9 | 3.9 |
high
|
medium
|
mixed
|
http://www.cnbc.com/2015/02/26/oneill-why-the-us-is-not-as-strong-as-you-think.html
|
http://web.archive.org/web/20150816091846id_/http://www.cnbc.com/2015/02/26/oneill-why-the-us-is-not-as-strong-as-you-think.html
|
O'Neill: Why the US is not as strong as you think
|
20150816091846
|
The U.S. may not be as strong as investors think because it is growing overly dependent on the consumer for economic growth, said Jim O'Neill, former chairman of Goldman Sachs Asset Management.
"When the U.S. consumer is starting to be more than 70 percent of GDP, as it's threatening to do again, the U.S. structural story is not as powerful as so many people seem to now believe it is," O'Neill told CNBC on Thursday. "It was, but it's weakening."
Read MoreBullard: Fed should lose its 'patience' on rates
A bull case emerged for the United States after the financial crisis in part because investors saw growth coming from structural improvement, rather than cyclical momentum, O'Neill said. The idea was the country would begin rebuilding its savings rate and shore up exports and investments as the consumer took a smaller role in fueling growth, he said.
That shift was beginning to take shape, but in the last year, signs are beginning to emerge that "the consumer is back to being king," O'Neill said in a "Squawk Box" interview.
"In some ways, the reason we had the whole mess in the first place is because the U.S. consumer was too much of the king," he said, referring to the financial and subprime mortgage crises.
He pointed to the role of oil production in improving the country's balance of payments with the rest of the world. Last year, President Barack Obama's Council of Economic Advisers highlighted strength in the American oil industry as one of three structural changes that would support sustained U.S. growth.
However, oil prices fell 60 percent between last summer and January. Many marketwatchers have said that is a net positive for growth because consumers will spend what they save at the pump in the broader economy, but O'Neill said collapsing crude prices are a negative for the rebalancing of the U.S. economy.
"It's not really in the U.S.'s long-term interest for oil prices to drop so sharply on a sustained basis," he said.
Read More Are oil producers running out of closet space?
The marginal economic data on Europe is somewhat better than expected and the bear case for the continent is not as interesting as it once was, O'Neill said.
While he said he is not particularly friendly to the euro currency, he believes markets must receive perpetual bad news for it to continue its descent. The euro is currently trading at about 1.13 to the dollar.
The Swiss franc, rather than the euro or the yen, is the clearer currency play against the U.S. dollar, he added.
O'Neill is short the franc because he believes there is no reason to put money in Switzerland following the Swiss National Bank's decision to drop its policy of capping the currency at 1.20 francs per euro and because of other recent developments in Europe.
Read More ECB could change Greek debt waiver if reforms hold
"We had this enormous rise [in the franc] that came because of the crisis and the fears of Greece leaving and the whole fears of QE," he said. "Those events have been dealt with at least for now. The Swiss franc was already far too strong for the Swiss economy."
|
The U.S. may not be as strong as investors think because it is growing overly dependent on the consumer for economic growth, Jim O'Neill tells CNBC.
| 22.392857 | 0.964286 | 19.107143 |
medium
|
high
|
extractive
|
http://www.cnbc.com/2014/07/29/wall-street-worries-feds-easing-will-end-badly.html
|
http://web.archive.org/web/20150816172523id_/http://www.cnbc.com/2014/07/29/wall-street-worries-feds-easing-will-end-badly.html
|
Wall Street worries Fed's easing will 'end badly'
|
20150816172523
|
"The current pace of improvement in labor markets and subdued inflation suggest the Fed should be raising rates by late this year," said John Kattar of Ardent Asset Advisors.
Economist Bob Brusca said: "The Fed is lagging assuming inflation pressures will drop. It seems to be getting behind the inflation eight ball."
Hugh Johnson of Hugh Johnson Advisors disagrees. "If an (inflation) acceleration occurs, it is quite manageable" by having the Fed raise interest on excess reserves or execute reverse repos.
Respondents added a quarter point to their outlook for the Fed funds rate in 2015, which is now seen rising to 1 percent.
The first rate hike is seen coming in August 2015.
The market no longer has any doubt about the outlook for tapering this year. The balance sheet is expected to rise by $480 billion in 2014, which would be in line with the Fed reducing its asset purchases by $10 billion a month until the October meeting when it is expected to end quantitative easing with a $15 billion taper.
Participants have also changed their view of the balance sheet in 2015 after Fed suggestions it won't sell assets until rates rise, at the earliest.
While the April Fed Survey showed an average expected decline of $146 billion to the Fed's $4.3 trillion balance sheet, the July survey shows that no balance sheet decline is expected in 2015.
The economic growth outlook has taken a hit after the sharp decline recorded during the first quarter. Year-over-year GDP growth is now expected to be just 1.9 percent this year, down from April's forecast of 2.3 percent.
The 2015 growth outlook is stronger, but not as optimistic as it was, falling to 2.75 percent from 3 percent in April.
The chance of a U.S. recession in the next year remains muted with just a 16 percent probability.
Conflicts in Ukraine and the Middle East are seen having only a minimal impact on the U.S. economy and pose little risk for wider global financial instability.
Survey respondents continue to believe the biggest threat to the U.S. economy remains tax and regulatory policies.
|
CNBC's Fed Survey shows market pros aren't very confident the Fed can end its easy money polices without a market crash, a recession or bad inflation.
| 13.733333 | 0.633333 | 0.766667 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2014/07/31/societe-generale-reports-78-percent-rise-in-2q-net-profit-to-103b-euros.html
|
http://web.archive.org/web/20150816190942id_/http://www.cnbc.com/2014/07/31/societe-generale-reports-78-percent-rise-in-2q-net-profit-to-103b-euros.html
|
SocGen posts profit rise; ups litigation provision
|
20150816190942
|
French lender Societe Generale reported a 7.8 percent rise in net profit on Friday, to 1.030 billion euros ($1.38 billion), while adding to its litigation provisions.
The second quarter figures for the bank - France's second-largest by market value - saw revenue slip to 5.9 billion euros, a fall of 3.7 percent. The group said that the net cost of risk - a measurement of the costs of risk management compared to the bank's sales and assets - was markedly lower. Income was buoyed by an increased stake in the brokerage firm Newedge, it added.
Read MoreBNP Paribas posts $5.7B loss after record US fine
The results also show a bounce back from a profit drop in its first quarter. Then, the group reported a 13.3 percent drop in first-quarter net income, as it booked a 525 million euro writedown on Rosbank, its Russian banking arm, as the crisis in Ukraine weighed on profits.
|
French lender Societe Generale reported a 7.8 percent rise in net profit on Friday, while adding to its litigation provisions.
| 8.227273 | 1 | 12.454545 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/05/08/social-security-may-be-in-worse-shape-than-you-think.html
|
http://web.archive.org/web/20150817003129id_/http://www.cnbc.com/2015/05/08/social-security-may-be-in-worse-shape-than-you-think.html
|
Social Security's in worse shape than you thought
|
20150817003129
|
But King argues that the agency should reveal more about how they produce their forecasts and publish an annual evaluation of its forecasting performance to avoid forecasting bias. Social security programs in other countries and other U.S. government agencies, such as the Congressional Budget Office, the Census Bureau and the Bureau of Labor Statistics, routinely publish self-evaluations of their forecasts, he said.
King and the studies' co-authors confidentially interviewed former and current Social Security Administration actuaries involved in the forecasting process as part of their research to figure out why the forecast bias happened since 2000. He noted that actuaries are in the center of a political firestorm over the future of Social Security as lawmakers debate whether to cut benefits, raise taxes or a combination of both. "Actuaries worked really hard at being unbaised," he said. "We find no evidence that they bend to political pressure."
But the agency's attempts to be unbiased have created a bunker mentality, he said, which lead them to ignore evidence that Americans life expectancy has risen more than they have projected and how that could hurt the future funding of Social Security system.
"The issue is not the people," King said. "If you swap out the people and kept the same procedures, you would very likely get the same result." He urges the administration to openly share their data and methods with the public so outside researchers are able to replicate their forecasts and contribute to their improvement.
Read MoreSocial Security on 'unsustainable path': Analyst
The bigger problem with the Social Security Administration is not disclosure, it's accounting, said Laurence Kotlikoff, a Boston University professor of economics and co-author of "Get What's Yours," a New York Times best-seller about how to maximize claiming Social Security retirement benefits.
Kotlikoff applauds the efforts for more disclosure, but wants the agency to calculate its liabilities using fiscal gap accounting, which considers the difference between the government's projected financial obligations and the present value of all projected future tax and other revenue.
The Social Security Administration projects its unfunded obligations out 75 years in the annual trustees' reports. Kotlikoff wants the administration to calculate unfunded obligations using the "infinite horizon," which accounts for funding after 75 years. Under this accounting system, SSA's projected unfunded liabilities would be $24.9 trillion (instead of the $10.6 trillion projected in 2088).
Trustees noted in their 2014 report that "the degree of uncertainty associated with estimates increases substantially for years further in the future."
Yet 17 Nobel Prize-winning economists have endorsed Kotlikoff's push for the SSA and other government agencies to use the fiscal gap accounting method more broadly.
"We have a situation that is like Enron accounting," Kotlikoff said. "And the public doesn't want to hear about it."
Read MoreSocial Security is hot topic for aging boomers
While King and Kotlikoff differ on how the Social Security Administration can improve its reports, they agree that better information about Social Security's financial health will enhance the public debate and help lawmakers fix the program before it's too late.
"Fair, transparent and accurate forecasts give Congress more of a chance to consider of all the policy proposals to preserve the solvency of Social Security," King said. "And it's easier to make changes to Social Security now than in the future."
|
New research finds that the Social Security Administration's bleak funding forecasts are actually too optimistic.
| 38.529412 | 0.764706 | 1.235294 |
high
|
low
|
abstractive
|
http://www.people.com/article/austin-mahone-kylie-jenner-car-crash
|
http://web.archive.org/web/20150818005638id_/http://www.people.com:80/article/austin-mahone-kylie-jenner-car-crash
|
Austin Mahone on Kylie Jenner's Ferrari Crash Rumor : People.com
|
20150818005638
|
Austin Mahone and Kylie Jenner (inset)
08/16/2015 AT 08:50 PM EDT
learned first-hand how quickly spreading rumors can turn into an apology when you're in Hollywood.
on Thursday that he heard
But turns out, it was all just an Internet rumor, he told PEOPLE at the Teen Choice Awards on Sunday.
"I was at the party and I saw she got a Ferrari," Mahone says. "And then a couple hours later I saw on Twitter and I saw like the same Ferrari, like the same color and it was all smashed up and like everyone was going crazy on Twitter like 'Oh, Kylie crashed her Ferrari' and I was like 'Oh, no way.' "
Mahone said he figured if everyone on Twitter was talking about it, it had to be true.
"Classic starting rumors online," he says. "I'm sorry if I started a rumor. I didn't mean to. That's what happened but she told me that she didn't crash it so ... her Ferrari's fine, everything's good."
|
The singer apologized for spreading the fender bender rumor
| 23.777778 | 0.444444 | 0.444444 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/07/10/puerto-rico-citi-meeting-a-starting-point.html
|
http://web.archive.org/web/20150823225743id_/http://www.cnbc.com/2015/07/10/puerto-rico-citi-meeting-a-starting-point.html
|
Puerto Rico Citi meeting 'a starting point:
|
20150823225743
|
As Puerto Rico and its creditors gear up for a meeting Monday, investors should not expect all parties to end up with a long-term solution, Lebenthal Holdings' president and CEO, Alexandra Lebenthal, said Friday.
"I think you look at Monday as a starting point. Nobody is expecting to come out of Monday with a definitive answer," Lebenthal said in an interview with CNBC's "Power Lunch."
Reuters reported Wednesday that the U.S. territory had hired Citigroup to act as a broker-dealer as it continues its search for a long-term solution to its debt problem. The news service also reported that Puerto Rico's governor, Alejandro García Padilla, and the island's creditors would meet for the first time since García Padilla told The New York Times the island's debt is unpayable.
Read MorePuerto Rico: Big challenges for small businesses
"Ensuring the commonwealth's long-term economic health and sustainability will require a comprehensive set of solutions to the deep fiscal issues we currently face and we are committed to having honest conversations with all of the stakeholders with interests in the island," García Padilla said in a Thursday statement.
García Padilla made his remarks a day before Puerto Rico's Government Development Bank said it may look to exchange $4 billion in senior notes at below par in an attempt at fiscal restructuring.
|
Alexandra Lebenthal explains what investors should expect from the U.S. territory's coming meeting with its creditors.
| 14.444444 | 0.777778 | 1.444444 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/02/13/us-treasurys-yields-rally-as-oil-firms.html
|
http://web.archive.org/web/20150824042207id_/http://www.cnbc.com/2015/02/13/us-treasurys-yields-rally-as-oil-firms.html
|
US Treasury yields rally as oil firms
|
20150824042207
|
Treasury yields have increased since U.S. data last Friday showed solid job growth in January and a rebound in wages, boosting expectations that the Federal Reserve may increase interest rates in the coming months.
The selloff paused on Thursday, however, after a new report showed that U.S. consumer spending barely rose in January, suggesting the economy started the first quarter on a softer note. The next large focus for the market will be the release next Wednesday of the minutes from the Fed's January meeting.
Fed Chair Janet Yellen will also testify before the U.S. Senate Banking Committee on Feb. 24. The market will be closed on Monday for the Presidents Day holiday.
The Treasury Department auctioned $16 billion in 30-year bonds at a high yield of 2.560 percent Thursday. The bid-to-cover ratio, an indicator of demand, was 2.26, well below the 2.47 recent average.
Oil is likely to continue to be in focus Friday as news of a Russia-Ukraine cease-fire, agreed Thursday, filters through to markets. Brent Crude rose to trade at $60 per barrel on Friday and U.S. crude futures were up around $1at $52.20.
Data expected includes the preliminary estimate of the University of Michigan consumer sentiment index at 10:00 a.m. ET, which is expected to remain close to the more than ten-year high reached the previous month. Also due are the latest import price figures at 08:30 a.m. ET.
Read MoreEuro zone growth beats as Germany storms ahead
In Europe, investors cheered strong gross domestic product (GDP) data, which expanded more than expected in the fourth quarter of 2014, boosted by an acceleration in Germany's growth.
Greek Prime Minister Alexis Tsipras has also agreed to meet with representatives from the European Union (EU), European Central Bank and International Monetary Fund, ahead of Monday's key Eurogroup meeting on debt talks, according to Reuters.
|
U.S. government debt prices slipped on Friday, pushing yields comfortably over 2 percent, as oil prices firmed.
| 18.2 | 0.55 | 0.65 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/02/19/social-media-stocks-4-ways-to-trade-the-social-climbers.html
|
http://web.archive.org/web/20150824072317id_/http://www.cnbc.com/2015/02/19/social-media-stocks-4-ways-to-trade-the-social-climbers.html
|
4 ways to trade the social climbers
|
20150824072317
|
But it "is worth owning" at about $44 per share, where it closed on Thursday, mostly as a play in Alibaba, said trader Guy Adami. It holds shares in the Chinese Internet company—valued at about $40 billion—that it will eventually spin off into an independent entity.
"I think you get more bang for your buck being long Yahoo if you believe Alibaba's gonna rally," Adami said.
Read MoreTech's March Madness is coming. What to buy
Another battered Internet stock, Twitter, has enjoyed a strong run recently. It closed nearly 2 percent higher around $49 per share on Thursday.
Najarian bought shares in the social media company on Thursday, but said he will sell once it rises above $50 per share. Twitter becomes more appealing on pullbacks, Nathan said.
Adami also liked Facebook's prospects after a day in which it rose more than 3 percent. He said that he believes the stock will climb higher from $79 per share, where it closed on Thursday.
Jon Najarian is long ABT, ADP, AMAT, AN, ATVI, AUY, BRCM, BSX, DNKN, GT, HUN, INFN, KBH, KO, MW, NEE, NRG, NSAM, OKE, POST, RIG, SFUN, SIRI, SYK, TWTR, TWX, WBA, WMB, XLE, he is long calls BYD, EWJ, TWTR, today he bought AMAT, EWJ calls, KO, TWTR, TWTR calls
Brian Kelly is long BTC=, US Dollar, GLD, CTRL calls, HYG puts, BBRY call spreads, TLT, he is short EWA, EWG, EWQ, EWZ, EWW, Australian Dollar, British Pound, Canadian Dollar, Yen, Yuan
Dan Nathan is long BBRY June call spread, DIS Feb 92.50/87.50 put spread, KO March put spread, MSFT March call spread, MU March 31/26 put spread, QQQ Feb 101/ 95 put spread, XLF March put spread, XLU March 48/44 put spread, XRT March 90/85 put spread, YUM Feb 72.50/68 put spread
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck
|
"Fast Money" traders looked at how to play Yahoo, Twitter and Facebook, all of which rose on Thursday.
| 18.391304 | 0.652174 | 1 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/02/20/analyst-wal-mart-only-playing-catch-up.html
|
http://web.archive.org/web/20150824075823id_/http://www.cnbc.com/2015/02/20/analyst-wal-mart-only-playing-catch-up.html
|
Analyst: Wal-Mart only playing catch-up
|
20150824075823
|
Not everyone was happy about Thursday's big news from the country's largest private employer that it would raise employee pay to $9 an hour in April and to $10 an hour by next February.
On Friday morning, Barclays downgraded the company to "equal weight" from "overweight" and lowered its price target to $85 from $90.
Read MoreWall Street gives Wal-Mart wage hike thumbs down
Barclays analyst Meredith Adler told CNBC's "Squawk on the Street" on Friday that the move by Wal-Mart just got out of the way of a likely national hike in the minimum wage.
"They have a problem and they know it," she said, "It's also very expensive to fix that problem completely. Wages are probably going to go up across the board, but they needed to do something."
|
Barclays analyst Meredith Adler told CNBC Friday that the bank's downgrade was due to expensive problems on Wal-Mart's end.
| 6.916667 | 0.791667 | 2.541667 |
low
|
medium
|
mixed
|
http://www.cnbc.com/2015/03/04/oil-prices-pose-biggest-political-risk-report.html
|
http://web.archive.org/web/20150824160414id_/http://www.cnbc.com/2015/03/04/oil-prices-pose-biggest-political-risk-report.html
|
Oil prices pose biggest political risk: Aon
|
20150824160414
|
Ukraine continues to rank amongst the world's riskiest states. Despite hopes for a successful ceasefire as a result of the Minsk 2 agreements, Aon's report warns a resolution over the disputed region of eastern Ukraine is unlikely in 2015.
It follows similar rankings, including Verisk Maplecroft's Political Risk Dynamics Index, which categorized the country as "high risk" for investors.
Read MorePutin's Cold War to scare away investment in 2015
"Russia is clearly suffering," Hennessy said. "[And] that overflows not just into Ukraine - which is suffering as well under significant pressure including from a sovereign debt perspective - but is going to spill out into other trade partners including Belarus and Kazakhstan," he added.
|
Low oil prices will compound political risks across emerging markets this year, according to a new report released Wednesday.
| 6.619048 | 0.285714 | 0.285714 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/03/19/stocks-need-to-know-where-are-we-in-the-tightening-cycle.html
|
http://web.archive.org/web/20150824170019id_/http://www.cnbc.com/2015/03/19/stocks-need-to-know-where-are-we-in-the-tightening-cycle.html
|
Stocks need to know: Where are we in the tightening cycle?
|
20150824170019
|
The markets seem to be unsure what period we are in. After a huge rally yesterday in stocks, the euro, and bonds, much of that is being unwound today. The dollar and oil in particular have reversed. Brent crude is down almost three percent after being up about five percent yesterday.
If we look at the fundamental picture, here is what the Federal Reserve sees: lower growth, lower unemployment, low inflation, and a slower increase in interest rates. This would seem to favor cyclicals like retail and home builders.
A big issue is we don't know if the dollar is going to stabilize or not. My bet is the rally isn't over. However, even if it moderates that could benefit U.S. companies with high foreign sales exposure, like Yahoo, Molson Coors, SanDisk, or even Pfizer.
Get the confusion? Fundamentals may favor certain sectors, but the prospect of rate hikes make any predictions fairly short-term.
That's why it's a difficult period for stocks. Still, you can't argue with the current state of global markets:
|
Equities tend to gain in the period leading into interest rate tightening cycles, then reverse when the tightening begins.
| 10.095238 | 0.428571 | 0.428571 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/07/how-will-main-street-react-to-higher-interest-rates.html
|
http://web.archive.org/web/20150824182928id_/http://www.cnbc.com/2015/04/07/how-will-main-street-react-to-higher-interest-rates.html
|
How will Main Street react to higher interest rates?
|
20150824182928
|
While small-business optimism is holding steady by a variety of indicators, that increased outlook hasn't translated to more borrowing on Main Street. And if small businesses aren't interested in loans when rates are low, will they change their tune with a rate hike on the horizon?
The answer is mixed. Historically low interest rates haven't pushed small businesses to borrow from banks, as noted by Fed Chair Janet Yellen during her congressional testimony in February. Experts cite a disconnect between the Fed and Main Street, as borrowing is often driven by cash flow and opportunities to derive returns rather than interest rates alone.
The timing of a rate hike is also uncertain, giving Main Street an unclear message. Yellen said in March that a rate hike may be warranted "later this year," but then at the same speech she seemingly struck a dovish tone, saying an increase was "likely to be gradual."
Read More Fed Chair Yellen: Rate increase 'may be warranted later this year'
On Monday, New York Fed President William Dudley, the first to comment publicly after a weak jobs report for March with 126,000 jobs added, missing estimates of 245,000, said the Fed would monitor future reports to see if the jobs data were a sign of greater economic weakness. The market read this as a signal that the rate hike would not be fast-tracked.
"I suspect if the Fed were to move aggressively to raise rates, that might prompt small business owners to move faster," says Stuart Hoffman, chief economist of PNC Bank's Financial Services Group, whose own small-business optimism survey finds small business owners are as optimistic as they were in 2007. "But we still have over one-third of businesses citing weak demand, and while that is a shrinking number, an improvement in outlook for sales and profitability is what will prompt borrowing."
The same optimism levels that are holding strong are also driven from better cash flows, which are part of the low-loan-demand puzzle. According to Dun + Bradstreet Credibility Corp.'s Q1 2015 Pepperdine Private Capital Index, 65 percent of small businesses surveyed said they have enough cash flow, and 33 percent said they have sufficient funding in place. What's more, the index finds that over the past 12 quarters, demand for capital is down 12 percent.
Read MoreStrong dollar puts pressure on 'Made in USA' manufacturers
This is echoed in the National Federation of Independent Business' latest report on optimism for February, demand for credit remained historically low, with optimism holding fairly steady. Only 3 percent said their reported credit needs were not met, while 33 percent said their needs were met and 53 percent said explicitly that they do not want a loan.
Despite the fact that optimism has held steady, and plans to hire and spend in the past four months have increased, a trigger in borrowing has not been noted in the report, the NFIB says. The latest reading is due out next week.
The upside of a rate hike, which could potentially drive lending, is the fact that the status quo is changing, signaling a stronger economy, said Jeff Stibel, CEO of Dun + Bradstreet Credibility Corp.
"For small businesses, there is a weird paradox where an increase in interest rates can actually fuel lending," Stibel said. "We've been living in a time of historic uncertainty, and a lot of small businesses don't fear bad times, they fear not knowing. If the Fed doesn't raise rates, things are bad, and if they do raise rates small businesses may feel things are going well."
|
Strong cash flows and mixed messages from the Fed don’t have small businesses rushing to borrow from banks, even with a potential rate hike.
| 26.074074 | 0.814815 | 1.925926 |
medium
|
medium
|
mixed
|
http://www.cnbc.com/2015/03/18/feds-new-word-is-prudence-bill-gross.html
|
http://web.archive.org/web/20150824202928id_/http://www.cnbc.com/2015/03/18/feds-new-word-is-prudence-bill-gross.html
|
Fed’s new word is prudence: Bill Gross
|
20150824202928
|
Read MoreFed indicates rate hikes coming, but not in April
That has caused Gross to change his projection of a rate hike in June to September.
He also believes the strong dollar weighed on the Fed's mind.
"Interest rates have been brought down in terms of their projections in order to weaken the dollar somewhat going forward," he said.
"Central banks around the world are fighting a currency war and it's about time, I suppose, that the United States joined in this particular conflict."
What does all this mean for bonds? Gross said U.S. Treasurys are "probably a decent value."
"There is not a bear market in Treasury bonds going forward."
Read MoreUnderstanding what informs Fed policy decisions
—CNBC'S Jeff Cox contributed to this story.
|
Janus Capital's Bill Gross explains why the Fed's latest statement has caused him to push back his rate-hike projection.
| 6.5 | 0.541667 | 0.875 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/03/27/after-lee-no-sign-of-welcome-home-for-singapores-dissidents.html
|
http://web.archive.org/web/20150824203118id_/http://www.cnbc.com/2015/03/27/after-lee-no-sign-of-welcome-home-for-singapores-dissidents.html
|
After Lee, no sign of welcome home for Singapore's dissidents
|
20150824203118
|
The current government also banned a 2013 documentary "To Singapore, with Love", based on dissidents abroad.
The government was challenged this month by an opposition party to review the criteria for allowing political dissidents living in self-imposed exile to return.
Grace Fu, minister in Prime Minister Lee's office, told parliament that some had outstanding offences to answer for and "cannot be expected to be placed above the law".
Those who had been associated with the now-disbanded Communist Party of Malaya would have to renounce violence and be interviewed by the security agencies, she said, adding: "These conditions are not new or unreasonably onerous."
The government did not comment for this article, and referred Reuters to the comments Minister Fu made in parliament.
Despite previous run-ins with the authorities, Tan Wah Piow, an exiled lawyer living in London whose citizenship was revoked in 1987, says he would like to return to Singapore after 40 years.
Read MoreLee Kuan Yew's most memorable quotes
"The death of Lee Kuan Yew will certainly unlock the political inhibitions and liberate the people from fear," he told Reuters.
Tan, a former student activist, fled Singapore in 1975 after serving a prison term for rioting, and eventually made his way to Britain in 1976, on what the government said was a forged passport. He is now a British citizen.
Asked whether he expected to return to Singapore, he said: "I think so. I'm just past 60. I hope there will be at least a couple of decades and I hope some changes will come."
At least for now, self-exiled political dissidents would be subject to scrutiny from the government if they returned; should they be deemed a threat to security, they could be detained under Singapore's Internal Security Act.
They would also run the risk of falling foul of a lawsuit from Lee's family were they to make comments about him that were judged defamatory - under the city-state's penal code, it is possible to defame someone who is dead.
Critics can still be pursued through the courts, leading to possible bankruptcy and banishment.
Phil Robertson, deputy director of Human Rights Watch's Asia section, said many exiles have remained abroad while the government was dominated by the People's Action Party (PAP), which has ruled Singapore with little opposition since the island state won independence half a century ago.
"I think it's too early to say whether there will be any moderating of the PAP ... but I think that they would be smart to do so, and show that many of those historical divisions are in the past," he said.
Tang, the Hong Kong lawyer, held out little hope of being able to return herself, saying that if she did she would not agree to be interrogated.
However, she voiced cautious optimism for Singapore's future.
"What is done is done and we cannot undo the past, but we can move forward to create a modern democratic Singapore."
|
Some dissidents and opponents of Lee Kuan Yew believe that with his passing the political restrictions he imposed in the name of security will begin to ease.
| 21.357143 | 0.75 | 1.321429 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/02/ecb-emphasizes-commitment-to-bonding-buying-plan.html
|
http://web.archive.org/web/20150824205500id_/http://www.cnbc.com/2015/04/02/ecb-emphasizes-commitment-to-bonding-buying-plan.html
|
ECB emphasizes commitment to bond-buying plan
|
20150824205500
|
Martin Leissl I Bloomberg via Getty Images
Mario Draghi, president of the European Central Bank
By purchasing bonds, yields are suppressed, meaning that euro zone countries can finance their debts at lower prices and help with the recovery process. It also means investors are pushed into riskier areas of the market, which also hopefully stimulates lending and growth.
The minutes revealed that, overall, policymakers thought the risks surrounding the euro area economic outlook remained to the downside, and had diminished following recent monetary policy decisions and the fall in oil prices.
While the account of the meeting showed that the Governing Council members supported the extraordinary stimulus measures unequivocally, they did say "it was not clear to what extent monetary policy would still be as supportive in 2017".
"Looking at the minutes, it really seems that the ECB is committed to this policy. That is interesting in itself because, between the January meeting when this policy was announced and March meeting these minutes refer to, there was a change in the economic data," Jane Foley, senior currency strategist at Rabobank, told CNBC.
"We did see euro zone and German economic data improve dramatically across the board, we saw that Draghi remarked on this at the press conference that followed the meeting -- and yet these minutes show they are still very much committed to this policy; they saw the risks of not doing it as severe and also that they wanted to front-load it," she added.
|
European Central Bank policymakers are committed to its bond-buying program "without hesitation," meeting minutes revealed.
| 13.52381 | 0.714286 | 1.285714 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/07/stocks-are-in-a-stealth-correction-acampora.html
|
http://web.archive.org/web/20150824225124id_/http://www.cnbc.com/2015/04/07/stocks-are-in-a-stealth-correction-acampora.html
|
Stocks are in a 'stealth correction': Acampora
|
20150824225124
|
The S&P 500 is 2 percent from its all-time high, but one top technician says there's more to the charts than meets the eye.
On Tuesday's "Futures Now," Altaira's director of technical analysis, Ralph Acampora, said the market is in a "stealth correction."
"The market is frenetic here. What I see is a two-tier market," said Acampora. "Under the surface there are some issues not doing well at all."
He noted the performance of large-cap stocks has trailed that of small- and mid-cap stocks. The Russell 2000 is up nearly 5 percent year to date, while the S&P 500 is up 1 percent over that time.
Read MoreThis is when to worry about the US market: Tom Lee
But most troubling to Acampora is the underperformance of the transports, which have badly trailed the S&P this year. "The Dow Jones transportation average peaked in December of 2014 and hasn't made a new high this year," he said. "For those who follow the old theory, the market is on hold."
To note, the "Dow Theory" is an old technical indicator in which investors believe that if the industrial or transportation average were to make a new high or low, the other would follow suit. According to Acampora, the Dow Jones industrial average would need to fall below 17,089 in order for this theory to come to fruition, and it could lead to a 5 to 10 percent correction.
|
"The market is frenetic here. What I see is a two-tier market," said Acampora. "Under the surface there are some issues not doing well at all."
| 8.194444 | 1 | 36 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/07/14/details-emerge-about-victoria-taylors-reddit-dismissal.html
|
http://web.archive.org/web/20150824232700id_/http://www.cnbc.com/2015/07/14/details-emerge-about-victoria-taylors-reddit-dismissal.html
|
Details emerge about Victoria Taylor’s Reddit dismissal
|
20150824232700
|
Over the last week, the circumstances surrounding the dismissal of a Reddit employee, a move that led to a huge user uprising and the resignation of the site's interim chief executive, have been murky at best.
Now those details are starting to emerge.
In a post on Reddit late Sunday, Yishan Wong, Reddit's former chief executive and Ellen Pao's predecessor, accused Alexis Ohanian, a Reddit co-founder, of firing the employee, Victoria Taylor.
Read more from The New York Times: Microsoft strikes new tone for Windows 10 release Sundar Pichai of Google talks about phone intrusion YouTube chief talks children, mobile and competition with Facebook
In his description of the events, Mr. Wong said Mr. Ohanian, who at the time held the role of executive chairman, was trying to take control of the site's "ask me anything" forum, also known as AMAs. That popular section of Reddit was organized by Ms. Taylor and ran in conjunction with the volunteer moderators who govern the site.
"He had different ideas for AMAs, he didn't like Victoria's role, and decided to fire her," Mr. Wong wrote.
Read MoreReddit CEO issues apology: 'We screwed up'
The forum is one of the site's most popular sections, with more than 8.6 million subscribers. It has hosted question-and-answer sessions with people ranging from the rapper Snoop Dogg to President Barack Obama.
Ms. Taylor, a well-liked and highly visible Reddit employee, was the main point of contact between official Reddit employees and volunteer moderators. After learning of her firing in early July without any explanation from the site, Reddit's volunteer moderators protested by shutting down entire sections of the site.
The protest was the latest episode in nine months of tumult for Reddit, a highly popular Internet message board that has more than 160 million monthly visitors. During Ms. Pao's tenure, many users of the site were upset by moves they perceived as limiting free speech. In May, Reddit users revolted when the company instituted stricter guidelines against harassment on the site.
Read MoreFired Reddit exec finally breaks her silence
|
A former Reddit CEO clarified details behind the firing of the popular "Ask Me Anything" franchise editor, NYT reports.
| 17.956522 | 0.73913 | 1.695652 |
medium
|
low
|
mixed
|
http://www.cnbc.com/2015/03/20/cnbc-to-broadcast-live-from-the-credit-suisse-asian-investment-conference.html
|
http://web.archive.org/web/20150825012928id_/http://www.cnbc.com/2015/03/20/cnbc-to-broadcast-live-from-the-credit-suisse-asian-investment-conference.html
|
CNBC to Broadcast Live from the Credit Suisse Asian Investment Conference
|
20150825012928
|
HONG KONG - March 20, 2015 - CNBC, First in Business Worldwide, teams up with Credit Suisse as the exclusive broadcast host for this year's 18th Annual Credit Suisse Asian Investment Conference (AIC) in Hong Kong. The network will provide on-air and online coverage of the conference from 23-27 March.
AIC is one of the most exclusive business gatherings in the Asia Pacific region. Attended by prominent political, economic, financial, and academic figures, the conference attracts institutional and hedge fund investors as well as high-net-worth individuals and business leaders who seek access to influential ideas and actionable advice.
CNBC anchors, Susan Li and Bernie Lo, will front this coverage, hosting the network's flagship morning programme, Squawk Box Asia, live from the AIC on Monday, Tuesday and Thursday, and providing live on-the-ground updates throughout the week including exclusive interviews with the world's brightest thinkers, problem solvers and policy makers.
In addition to CNBC's extensive on-air coverage, a live blog providing access to the chatter on the ground will be featured here http://www.cnbc.com/asian-investment-conference. Follow our live blog and join the conversation by using #csaic.
For more information, please contact:Valerie Martinez, Communications Manager, CNBC Asia Pacific +65 6326 1123valerie.martinez@nbcuni.com
About CNBC Asia PacificCNBC is the leading global broadcaster of live business and financial news and information,reporting directly from the major financial markets around the globe with three regional networks including CNBC in Asia, CNBC in EMEA and CNBC in the US. CNBC.com is the pre-eminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. CNBC is dedicated to CEOs, senior corporate executives; the financial services industry and private investors. The channel is available in more than 390 million homes worldwide. CNBC is a division of NBCUniversal. www.cnbc.com
About the Credit Suisse Asian Investment ConferenceThe Credit Suisse Asian Investment Conference(AIC), now in its 18th year, is one of the most exclusive business gatherings in the Asia Pacific region. Attended by prominent political, economic,financial, and academic figures, the conference attracts institutional and hedge fund investors as well as high-net-worth individuals and business leaders who seek access to influential ideas and actionable advice. For more information about the AIC, please click here.
|
CNBC teams up with Credit Suisse as the exclusive broadcast host for this year's 18th Annual Credit Suisse Asian Investment Conference (AIC) in Hong Kong.
| 15.862069 | 1 | 27.068966 |
medium
|
high
|
extractive
|
http://www.cnbc.com/2015/03/27/retiree-health-care-costs-may-be-more-than-you-think.html
|
http://web.archive.org/web/20150825030514id_/http://www.cnbc.com/2015/03/27/retiree-health-care-costs-may-be-more-than-you-think.html
|
Retiree health-care costs may be more than you think
|
20150825030514
|
Even with Medicare coverage, health-care costs are a major expense in retirement that can derail any financial plan if they're not factored in.
These costs are also hard to estimate because they depend on a person's health and longevity. Who wants to calculate when they are going to die?
Fortunately, or unfortunately depending on your retirement savings and fear of mortality, HealthView Services has crunched the numbers for a fit 65-year-old couple retiring this year and come up with an estimate of projected health-care expenses. The company, which helps financial advisors forecast health-care costs for their clients, used data from more than 50 million actual health cases to formulate its estimates. And the figure it came up with is more than most people have saved for retirement.
The average lifetime retirement health-care premium costs for the hypothetical couple is $266,589, which included Medicare parts B and D coverage as well as supplemental insurance, according to HealthView's latest report. (The estimate assumes a life expectancy of 87 years for men, and 89 for women.)
The costs are 6.5 percent more than HealthView's estimate last year and over $40,000 more than the retiree health-care cost estimate of $220,000 produced by Fidelity, which is widely used by financial advisors as a benchmark for such expenses.
Read MoreDo you REALLY need $2.5M for retirement?
What's more daunting is a quarter of a million dollars only pays for basic coverage for this hypothetical, healthy 65-year-old couple. If you include dental, vision, co-pays and other out-of-pocket costs, the average cost estimate rises to $394,954. And for a healthy couple of 55-year-olds who plan to retire a decade from the now, retiree health-care costs beyond basic coverage are projected to be a whopping $463,849.
|
A new survey estimates an average 65-year-old couple will pay $260,000 or more in retirement for basic health care.
| 15.565217 | 0.782609 | 1.478261 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/03/19/happy-employees-happy-shareholders-study-finds.html
|
http://web.archive.org/web/20150825031416id_/http://www.cnbc.com/2015/03/19/happy-employees-happy-shareholders-study-finds.html
|
Happy employees = happy shareholders, study finds
|
20150825031416
|
"Like any financial asset, a satisfied and engaged workforce is a highly valuable attribute of companies," he said. "Since companies infrequently release internal survey data to investors, public sources of information, like company reviews and third-party 'best of' lists, are proving to be valuable predictive tools of financial performance."
The report analyzed the correlation between company culture and stock price performance using some of the largest public companies named on its inaugural list of the 50 best companies to work for, first released in 2009.
Read MoreBoomers face employment problems
Stocks of public companies on the inaugural 2009 Glassdoor list were bought in 2009 and held through 2014. This portfolio of companies with high employee satisfaction returned 243.3 percent versus the S&P 500 Index return of 121 percent during the same period.
(Check out Glassdoor's 2015 list of the top 50 companies to work for.)
Additionally, the study looked at 30 publicly traded companies with the lowest overall company ratings. They were evaluated for stock returns. The report shows companies that are lower rated from an employee perspective significantly underperform the market.
|
A new study finds a direct correlation between employee satisfaction and the stock performance of public companies.
| 11.888889 | 0.833333 | 1.388889 |
low
|
medium
|
abstractive
|
http://www.cnbc.com/2015/03/16/new-challenge-to-kors-and-coach-in-handbag-wars.html
|
http://web.archive.org/web/20150825032302id_/http://www.cnbc.com/2015/03/16/new-challenge-to-kors-and-coach-in-handbag-wars.html
|
New challenge to Kors and Coach in handbag wars
|
20150825032302
|
Danielle DiFerdinando, founder and Creative Director of Danielle Nicole.
While Michael Kors and Coach may be among the more popular brands when it comes to handbags, there's another player that is quietly making some noise in the handbag wars.
Enter Danielle DiFerdinando, Founder and Creative Director of Danielle Nicole. Combining her love for fashion and chic style, DiFerdinando started a handbag business in her college dorm room in 2007 at the age of 18. She landed a prestigious internship at Bergdorf Goodman, which helped her launch her business. She has since grown Danielle Nicole by leaps and bounds, raking in $11.5 million in sales last year. "I wanted to create something with contemporary designs at more affordable prices," DiFerdinando told CNBC's "Power Lunch."
Read MoreJessica Alba's Honest to expand to China
When DiFerdinando started out the majority of her handbags were priced in the $600 to $1000 range, but she quickly altered her business model to make the bags more affordable. By switching her bags to a superior quality non-leather material, she was able to drastically reduce the price point.
DiFerdinando's bags currently all sell for $100 and under and can be found in major retailers all over the world, including Nordstroms, Macy's, CUSP by Neiman Marcus, HSN, Nasty Gal.com, as well as her website Danielle-Nicole.com. The brand was taken to the next level in 2010 after becoming part of the Artisan House company, founded by Steve Russo.
The Danielle Nicole brand got a huge boost in October 2011 when Oprah selected Danielle Nicole's signature Sydney shopper tote to be given out to their 5,500 attendees at her OPRAH's "O YOU!" event in Atlanta, Georgia.
Read MoreWhat that perfect wedding will cost you
DiFerdinando,who was just featured in the "Forbes 30 Under 30," will launch a jewelry line at end of April with Capwell + Co. and partner with Alloy Apparel on a special collaboration this fall. "We are growing Danielle Nicole into a lifestylebrand. I want to dress our girl head to toe in Danielle Nicole," she told CNBC.
|
Latest new player in the handbag wars is Danielle Nicole.
| 37.272727 | 0.818182 | 2.454545 |
high
|
medium
|
mixed
|
http://www.cnbc.com/2015/03/07/cia-to-make-sweeping-changes-focus-more-on-cyber-ops-agency-chief.html
|
http://web.archive.org/web/20150825044853id_/http://www.cnbc.com/2015/03/07/cia-to-make-sweeping-changes-focus-more-on-cyber-ops-agency-chief.html
|
CIA to make sweeping changes, focus more on cyber ops: Agency chief
|
20150825044853
|
"Our ability to carry out our responsibilities for human intelligence and national security responsibilities has become more challenging" in today's digital world, Brennan said. "And so what we need to do as an agency is make sure we're able to understand all of the aspects of that digital environment."
Brennan briefed a small group of reporters on the changes on Wednesday, on the condition they did not publish until he told CIA employees on Friday.
Stepping up the CIA's expertise in cyberspace may help it counter technological innovations and sophisticated use of social media by militant groups such as Islamic State. It could also mitigate what U.S. officials have said is damage to intelligence gathering caused by former NSA and CIA contractor Edward Snowden.
The 10 new "mission centers" will bring together CIA officers with expertise from across the agency's range of disciplines to concentrate on specific intelligence target areas or subject matter, Brennan said.
Competition between spy agencies and between units within agencies has led to "stove piping" of information that should have been widely shared and to critical information falling through bureaucratic cracks, Brennan and other U.S. intelligence officials said
Read More Petraeus agrees to plead guilty to federal charge
"I know there are seams right now, but what we've tried to do with these mission centers is cover the entire universe, regionally and functionally, and so something that's going on in the world falls into one of those buckets," Brennan said.
The CIA currently operates at least two such interdisciplinary centers, covering counter-terrorism and counter-intelligence.
Reaction to the CIA reorganization was mostly positive, although some veterans acknowledged it will likely prompt bureaucratic friction within the spy agency.
"I think that this will strengthen the CIA significantly over time," former CIA acting director and deputy director Michael Morell said.
|
The CIA plans a sweeping organizational overhaul, sharpening its focus on cyber operations and incorporating digital innovations, its director said.
| 15.347826 | 0.521739 | 0.695652 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/03/31/mexico-wants-china-involved-in-new-airport-after-train-blunder.html
|
http://web.archive.org/web/20150825063631id_/http://www.cnbc.com/2015/03/31/mexico-wants-china-involved-in-new-airport-after-train-blunder.html
|
Mexico wants China involved in new airport after train blunder
|
20150825063631
|
CRCC had the $3.75 billion rail contract revoked just days before it emerged that Pena Nieto's wife had bought a luxury house from one of the Mexican firms in the winning consortium.
Subsequent media reports showed the president and his finance minister had also either bought or used homes from the same government contractor.
Mexico tendered the rail project again in January, and CRCC was widely expected to win. But a sharp drop in the price of oil, which funds about a third of Mexico's federal budget, forced the government to suspend the project.
Read MoreAnd the world's best airport again is...
After CRCC lost out, a delegation led by Mexican transport and communications minister Gerardo Ruiz Esparza told Chinese officials during a trip to Beijing that Mexico would welcome Chinese involvement in the airport, the source said.
"This is kind of paying a favor to the Chinese companies who were denied the Mexico-Queretaro train," said Daniel Avila, a senior member of the Mexican Senate's Asia-Pacific committee from the center-right National Action Party.
The source added Mexico believes Chinese firms would make a neat fit with Norman Foster, the chosen architect for the Mexico City airport who designed Terminal 3 of Beijing's airport.
China likes the idea, he said, but no decisions have yet been made on which state-run company would be chosen to bid for the upcoming tenders. Ruiz Esparza expects construction of the airport to get underway in September or October this year.
Chinese foreign ministry spokeswoman Hua Chunying said she did not know about the airport project, but added: "We have always said that we support able Chinese companies to go out and have cooperation with other countries on infrastructure construction and building."
Several Chinese companies with experience in large infrastructure projects including ChinaCamc Engineering and China Communications Construction did not reply to requests for comment.
Mexico is still weighing how to divide up work for the massive project, which includes contracts of varying sizes. While some airport contracts have already been assigned, the most juicy construction tenders are still under wraps.
Chinese companies would still have to win any tender, but Mexico could ask certain firms to participate, the source said.
"As far as I know, there's no specific invitation out to anybody," said transport ministry spokesman Rodolfo Gonzalez. "The desire is that everyone who is best equipped, who has the best technical and financing capabilities, should participate."
The project, financed by public and private funds, is scheduled to have three runways and serve some 50 million passengers a year by 2020.
Since taking office in 2012, Pena Nieto has sought to redraw Mexico's relationship withChina, a long-time manufacturing rival, and wean Mexico off its reliance on the U.S. market by luring much more Chinese investment.
Between 2000 and 2013, according to Mexican government data, total foreign direct investment from China in Mexico was $281 million - less than half the amount invested by Taiwan.
Chinese investment in Mexico has been just a tiny part of the total for Latin America and the Caribbean, which reached $14.4 billion in 2013, according to official Chinese data compiled by U.S.-based consultancy Rhodium Group.
|
Mexico is trying to get Chinese state-run companies in on the construction of a new airport as it seeks to make up for a tainted rail tender.
| 20.7 | 0.866667 | 1.333333 |
medium
|
medium
|
abstractive
|
http://www.cnbc.com/2015/04/09/cramer-remix-this-stock-may-be-ready-to-breakout.html
|
http://web.archive.org/web/20150825065243id_/http://www.cnbc.com/2015/04/09/cramer-remix-this-stock-may-be-ready-to-breakout.html
|
Cramer Remix: This stock may be ready to break out
|
20150825065243
|
When Cramer sees a high-quality stock that has a pullback and has tons of potential for the future, he thinks this is a perfect opportunity to do some buying.
Such was the case with Ventas, the healthcare real estate investment trust that owns spans a broad range of properties across the U.S., U.K. and Canada. It spans everything from senior housing, skilled nursing facilities, hospitals and medical office buildings.
The company recently made some big announcements, which Cramer thinks could unlock further shareholder value. First, it announced it would spin off a big portion of its skilled nursing properties into an independent company.
Then it announced it would be acquiring Ardent Medical Services for $1.75 billion, with a plan to sell Ardent's hospital business. Could these big deals take the stock even higher? To find out, Cramer spoke with Ventas CEO Debra Cafaro.
"The spinoff is going to create two companies that are positioned to grow… We have made Ventas better, it still has all the scale you love and even better diversification with the hospital segment and low cost to capital. Great customers, lots of the private pay and still positioned to grow," Cafaro said.
Cramer has reiterated the fact that the CEO running a company can determine the direction of the stock. However, sometimes the top exec can turn a company into deadwood and run it into the ground, too. When that happens, the "Mad Money" host has no choice but to commit the CEO to the dreaded "Mad Money" wall of shame.
Art Coppola is the CEO of the mall real estate investment trust Macerich. Cramer was flabbergasted when Coppola did a huge disservice to shareholders by turning down a beautiful takeover bid from the largest REIT in the country, Simon Property Group.
As a result, Macerich's stock has been slammed by angry shareholders. Cramer considers this horrible decision by Coppola to be a textbook example of how not to run a company.
Cramer rarely sees such a blatant situation where a CEO clearly just made the wrong decision. What a foolish move!
Everyone makes mistakes sometimes, but Coppola really took the cake on this one. In Cramer's perspective, he deliberately decided not to make shareholders money by killing a fabulous takeover bid. For that act of value destruction, he has now officially been added to the "Mad Money" wall of shame.
Read More Cramer's wall of shame addition—Naughty Macerich!
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Starbucks: "I happen to like Starbucks; I think Howard Schultz is doing a fabulous job and so is his team. I think that this stock is a great long-term play, which is why it is one of the biggest positions in my charitable trust."
Philip Morris International:"I don't want the international, I want the domestic. I want Altria; it's starting to yield really nicely. But I don't like tobacco stocks in general though, because I think that frankly they are bad for you."
Read MoreLightning Round: A great long-term play
|
“Mad Money” host Jim Cramer turns your attention to a social star that may be ready to roar.
| 28.857143 | 0.47619 | 0.571429 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/16/cnbc-exclusive-cnbc-transcript-federal-reserve-vice-chairman-stanley-fischer-speaks-with-cnbcs-sara-eisen-today-on-squawk-on-the-street.html
|
http://web.archive.org/web/20150825110649id_/http://www.cnbc.com/2015/04/16/cnbc-exclusive-cnbc-transcript-federal-reserve-vice-chairman-stanley-fischer-speaks-with-cnbcs-sara-eisen-today-on-squawk-on-the-street.html
|
CNBC Exclusive: CNBC Transcript: Federal Reserve Vice Chairman Stanley Fischer Speaks with CNBC's Sara Eisen Today on "Squawk on the Street"
|
20150825110649
|
WHEN: Today, Thursday, April 16th
WHERE: CNBC's "Squawk on the Street"
Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Federal Reserve Vice Chairman Stanley Fischer on CNBC's "Squawk on the Street" (M-F, 9AM-11AM ET) today. Following is a link to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000371668.
All references must be sourced to CNBC.
SARA EISEN: I AM HERE WITH STANLEY FISCHER, THE VICE CHAIRMAN OF THE FEDERAL RESERVE. IT IS NICE TO SEE YOU AGAIN.
STANLEY FISCHER: NICE TO SEE YOU. THANK YOU.
EISEN: SO HERE AT THE IMF WORLD BANK MEETINGS, THE ECONOMY IS DESCRIBED AS UNEVEN AND MODERATE. THE GLOBAL RECOVERY. IS THAT HOW YOU SEE IT?
FISCHER: YEAH. IT'S VERY UNEVEN AND IT'S GROWING. BUT IT'S NOT GROWING SPECTACULARLY.
EISEN: UNITED STATES IS THE BRIGHT SPOT OR AT LEAST WAS THE BRIGHT SPOT. BUT CURRENT ECONOMIC DATA ISN'T SHOWING ALL OF THAT OPTIMISM. IS IT JUST TEMPORARY? DO YOU EXPECT A REBOUND HERE WHEN THE WEATHER IMPROVES?
FISCHER: WELL THERE IS DEFINITELY A REBOUND UNDERWAY ALREADY. WE'LL SEE AT WHAT SPEED IT PROCEEDS. BUT THE FIRST QUARTER WAS POOR. THAT SEEMS TO BE A NEW SEASONAL PATENT. IT'S BEEN THAT WAY FOR ABOUT FOUR OF THE LAST FIVE YEARS.
EISEN: BECAUSE THE WINTERS HAVE BEEN SO COLD.
EISEN: SO DOES THAT AFFECT THE TRAJECTORY OF WHAT THE FED IS GOING TO DO OR NOT DO THIS YEAR?
FISCHER: WELL, IT DEPENDS HOW QUICKLY WE COME OUT. I MEAN, IF YOU LOOK AT LAST YEAR, WE HAD NEGATIVE GROWTH IN THE FIRST QUARTER. AND THEN SPECTACULAR GROWTH WHICH MADE UP FOR THAT. AND WE DON'T KNOW WHAT'S GOING TO HAPPEN IN THE SECOND QUARTER HERE YET.
FISCHER: WELL, CERTAINLY A RECOVERY. WHETHER IT WILL BE SPECTACULAR OR JUST MODERATE IS HARD TO SAY NOW.
EISEN: IT DOES SEEM LIKE FROM WHAT WE HEARD FROM VARIOUS FED PRESIDENTS AND FED OFFICIALS, THAT THEY ARE ITCHING TO RAISE INTEREST RATES. IS THAT TRUE? YOU HAVE THIS SENSE THAT IT IS TIME?
FISCHER: WELL, I MEAN, MOST PEOPLE THINK IT WILL HAPPEN THIS YEAR, BUT YOU DON'T WANT TO GET A LOT MORE DEFINITE THAN THAT. IT DEPENDS ON HOW THE ECONOMY DEVELOPS.
EISEN: ARE YOU FEARFUL OF NOT RAISING INTEREST RATES SOONER THAN LATER?
FISCHER: I DON'T THINK FEARFUL IS THE RIGHT WORD. WE'LL TRY AND DO IT AT THE BEST POSSIBLE TIME AND WE WOULD LIKE TO SEE THE ECONOMY BEGINNING TO GROW AGAIN. AND GROW AT A DECENT RATE. WE WOULD LIKE TO SEE UNEMPLOYMENT CONTINUING TO COME DOWN, AND SOME SIGNS THAT INFLATION IS GETTING CLOSE TO THE 2% TARGET, IS HEADING TOWARDS THE 2% TARGET.
EISEN: DO YOU THINK THAT THE INFLATION WILL HIT THE 2% TARGET BY THE TIME IT IS TIME TO RAISE INTEREST RATES?
FISCHER: NO. THE REQUIREMENT IS THAT WE'LL BE MOVING IN THAT DIRECTION. WE'LL HAVE REASONABLE BASIS FOR BELIEVING WE ARE MOVING IN THAT DIRECTION.
EISEN: OPTIMISTIC ABOUT THE WAGE GROWTH THAT WE ARE STARTING TO SEE? IT'S LITTLE. IT'S NOT ENOUGH.
FISCHER: YEAH, YOU KNOW, THERE ARE MORE SIGNS EVERY DAY. LOTS OF PAPERS COME THROUGH MY COMPUTER EXPLAINING THAT THIS IS THE TURNING POINT RIGHT NOW. BUT THEY HAVE BEEN COMING FOR AWHILE.
EISEN: WHEN IT COMES TO WAGES.
EISEN: LET ME PUT IT THIS WAY. ARE YOU FEARFUL OF RAISING INTEREST RATES?
FISCHER: WELL, YOU ALWAYS HAVE TO TAKE ACCOUNT OF THE FACT YOU MAY BE MAKING A MISTAKE ON ONE SIDE OR THE OTHER. SO WE HAVE TO ASK WHAT WILL GO WRONG. I SAY THAT IF WE GET THIS IN PROPORTION, WE ARE GOING TO BE CHANGING MONETARY POLICY FROM THE MOST EXTREMELY EXPANSIONARY WE'VE BEEN ABLE TO DO IN ALL OF HISTORY TO AN EXTREMELY EXPANSIONARY MONETARY POLICY. THE INTEREST RATE IS SCHEDULED TO GO UP IF IT GOES UP BY .25%. SO WE WON'T BE BETWEEN 0 AND .25%, WE WILL BE BETWEEN .25% AND 0.50%. IF WE HAD NOT GONE TO ZERO, THAT WOULD BE THE LOWEST IT'S EVER BEEN.
EISEN: WHAT IS A 10-YEAR YIELD BELOW 2% SIGNAL TO YOU?
FISCHER: IT SIGNALS IN PART THE FACT THAT THE MARKETS ARE WAITING TO SEE WHAT WE DO. AND I THINK WHEN THEY GET CONVINCED THAT WE ARE GOING TO BE MOVING, BEGIN MOVING THE INTEREST RATE GRADUALLY TO WHERE IT WILL BE IN THE LONG RUN, WE'LL PROBABLY SEE A REACTION.
EISEN: DON'T YOU THINK THE CURRENCY MARKET IS CONVINCED THOUGH?
FISCHER: THE CURRENCY MARKET IS CONVINCED, BUT THERE ARE TWO SIDES TO THE CURRENCY MARKET. THE DOMESTIC SIDE OF THAT MARKET SEEMS NOT YET CONVINCED PERHAPS OF WHEN WE ARE GOING TO MOVE. WE DON'T KNOW. SO WE LOOK AT WHAT THEY THINK.
EISEN: BUT YOU HAVE TO BE TAKING THE DOLLAR STRENGTH INTO ACCOUNT RIGHT NOW WHEN IT COMES TO THAT DECISION.
FISCHER: WE'VE GOT TWO GOALS. ONE IS UNEMPLOYMENT, MAXIMUM EMPLOYMENT, WHICH IS LOW UNEMPLOYMENT, AND THE OTHER IS INFLATION AT 2%. IF THE REST OF THE WORLD IS WEAKER AND THE DOLLAR IS STRENGTHENING, THEN WE'LL SEE SOME IMPACT ON GROWTH. SO BECAUSE OF ITS IMPACT ON THE DOMESTIC ECONOMY, YEAH, WE TAKE IT INTO ACCOUNT. BUT WE DON'T SIT AROUND SAYING THE ECONOMY IS WEAK BECAUSE OF THAT.
EISEN: BUT ISN'T THE ECONOMY WEAKENING BECAUSE OF THE U.S. DOLLAR?
FISCHER: THE DOLLAR IS ONE OF MANY FACTORS AFFECTING THE WAY THE ECONOMY'S BEHAVING.
EISEN: WHAT ABOUT THIS IDEA THAT MONETARY POLICY IS VERY UNCOORDINATED RIGHT NOW. THE FEDERAL RESERVE IS PREPARING AN INTEREST RATE INCREASE AT THE SAME TIME THAT EVERYONE ELSE ALMOST IS GOING THE OPPOSITE DIRECTION. AS A CENTRAL BANKER, THAT HAS TO CONCERN YOU.
FISCHER: THERE ARE LOTS OF DISCUSSIONS ABOUT WHETHER IT'S BETTER FOR EVERYBODY TO BE COORDINATED, AND IF EVERYBODY WAS ALWAYS COORDINATED AND GROWING NICELY, THEN COORDINATION WOULD BE GREAT. IF WE ARE GROWING AND THE REST OF THE WORLD IS IN TROUBLE, I DON'T THINK WE WANT TO COORDINATE DOWN. SO WE'LL BE HAPPY IF THEY COORDINATE BY INCREASING THEIR GROWTH RATES.
EISEN: BUT YOU COULD HOLD OFF.
FISCHER: WELL, WE COULD HOLD OFF, BUT THAT WOULD SAY WE ARE TAKING A DIMMER VIEW OF OUR GROWTH AND INFLATION THAN WE ACTUALLY ARE.
EIESN: IT'S BEEN A VERY EXCITING DAY ON THE FLOOR OF THE STOCK EXCHANGE. WE JUST WATCHED PARTY CITY OPEN UP, IPOs, THERE IS A BUOYANCY IN THE MARKETS RIGHT NOW. DO YOU SEE IT AS A DISCONNECT, PERHAPS, OF WHAT IS GOING ON IN THE EQUITY MARKET TO THE FUNDAMENTALS OF THE ECONOMY?
FISCHER: WELL, THERE WERE LOTS OF COMPLAINTS WHEN THE MARKETS WERE VERY STEADY AND THERE WASN'T MUCH VOLATILITY AND THE VIX WAS LOW AND ALL THAT. WE ARE ARTIFICIALLY KEEPING THE MARKETS STEADY. NOW THERE IS A LOT MORE VOLATILITY. AND COMPLAINTS ABOUT TOO VOLATILE.
EISEN: ARE THE MARKETS TOO RELIANT ON THE SUPER EASY MONETARY POLICY FROM THE FEDERAL RESERVE?
FISCHER: WELL, WE EXPECT THAT THE MARKETS LOOK AHEAD SOMEWHAT. SO I THINK – I HOPE THAT THEY ARE TAKING INTO ACCOUNT THAT THE FED AT SOME POINT IS LIKELY TO RAISE THE INTEREST RATE, AND THEY CAN'T DEPEND ON CURRENT SITUATIONS CONTINUING FOREVER OR EVEN PROBABLY BEYOND THE END OF THIS YEAR.
EISEN: ONE THING THAT HAS BEEN PROPELLING EQUITIES IN PART IS THE SHARE BUYBACKS IN A RECORD AMOUNT. MORE THAN A TRILLION LAST YEAR, ANOTHER 200 BILLION PLUS ANNOUNCED THIS YEAR. IS THAT HURTING OUR ECONOMY THAT INSTEAD OF INVESTING IN THEIR LONG-TERM BUSINESSES, BUSINESSES ARE BUYING THEIR OWN STOCK?
FISCHER: OBVIOUSLY, WE WOULD LIKE TO SEE MORE INVESTMENT. WHETHER IT'S THOSE COMPANIES WHICH ARE GENERATING CASH THAT SHOULD BE DOING THE INVESTMENTS IS ANOTHER ISSUE. SO WE HOPE EACH COMPANY IS FIGURING OUT HOW TO MANAGE ITSELF BEST WITH REGARD TO INVESTMENTS AND DISTRIBUTION OF REVENUES.
EISEN: BUT YOU NEED TO SEE MORE.
FISCHER: WE WOULD LIKE TO SEE MORE INVESTMENT, YES.
EISEN: WANT TO ASK YOU ABOUT EUROPE BECAUSE THAT WAS A LAGGARD. COMING TO THIS IMF WORLD BANK MEETING, ALL OF A SUDDEN, THE OUTLOOK HAS BRIGHTENED FOR EUROPE. DO YOU SEE THAT IMPROVEMENT IN THE ECONOMY THERE?
FISCHER: YES. AND FIRST OF ALL, LIKE US, THEY HAVE THE IMPACT OF THE LOWER PRICE OF ENERGY AND GASOLINE.
EISEN: AND THEY HAVE A CHEAP EURO.
FISCHER: AND NOW THEY HAVE DONE WHAT EVERYBODY TOLD THEM TO DO FOR A VERY LONG TIME. THEY ARE DOING QE AND IT'S FAR MORE SUCCESSFUL AT THIS POINT THAN THE GENERAL VIEW HAD BEEN BEFORE THEY STARTED. SO YEAH, THEY'VE GOT SOME WIND IN THEIR SAILS.
EISEN: AND HERE WE ARE TALKING ABOUT GREECE AGAIN. IS THAT A THREAT TO THEIR NASCENT ECONOMIC RECOVERY?
FISCHER: WELL, THEY'VE DONE A LOT SINCE THE PROBLEM FIRST BEGAN TO, I CAN'T SAY INOCULATE. YOU CAN'T BE TOTALLY INOCULATED. BUT THEY'VE DONE A LOT AND THEY HAVE A VERY GOOD PROBABILITY OF BEING ABLE TO DEAL WITH THIS. IT WOULD BE A BAD THING FROM THE VIEW POINT OF THE FUTURE OF EUROPE AND SO FORTH IF THAT WERE TO HAPPEN. IT WOULD ALSO BE A PROBLEM FOR GREECE. IT'S GOING TO BE VERY DIFFICULT TO DEAL WITH IF IT HAPPENS. BUT IT LOOKS LESS PROBLEMATIC THAN IT DID FIVE YEARS AGO.
EISEN: YET, YOU ARE NOT SEEING CONTAGION IN THE MARKETPLACE.
FISCHER: YEAH, THE TROUBLE WITH ALL THESE PHENOMENA THAT YOU DON'T SEE IS THEY CAN WAKE UP ONE MORNING. SO, YOU HAVE TO TAKE ACCOUNT OF THE RISKS. AND YOU CAN'T RULE IT OUT. AND ON THE OTHER HAND, SO FAR, SO GOOD.
EISEN: WE MENTIONED THAT THEY WERE GETTING A BOOST FROM THE WEAK EURO, WHICH CONTINUES TO WEAKEN. AT WHAT POINT DO YOU SAY ENOUGH IS ENOUGH? WE ARE ALREADY RIGHT NEAR PARITY. IT'S BEEN A TREMENDOUS FALL.
FISCHER: WELL, THERE IS AN INTERNATIONAL AGREEMENT. IF CURRENCIES MOVE AS A RESULT OF MEASURES THAT ARE CLEARLY UNDERTAKEN TO STRENGTHEN THE DOMESTIC ECONOMY, THAT'S ACCEPTABLE. IF CURRENCIES MOVE BECAUSE SOMEBODY'S MANIPULATING THE FOREIGN EXCHANGE MARKET –
FISCHER: BUT THEY'RE NOT. THIS IS A SIDE EFFECT. IT WILL HAVE SOME IMPACT ON US. IT IS HAVING SOME IMPACT ON US. BUT IF YOU ASK WHETHER WE WOULD RATHER HAVE A EUROPE THAT IS GROWING AT A REASONABLE RATE AND SLIGHTLY MORE TROUBLE WITH THE EXCHANGE RATE, OR EXCHANGE RATE IS WONDERFUL AND EUROPE IS IN THE DUMPS, WE WOULD TAKE A GROWING EUROPE ANY TIME.
EISEN: AND FINALLY, YOU HAVE BEEN AT THE FED ALMOST A YEAR AGO NOW. HARD TO BELIEVE. YOU JOINED AT A PRETTY CRITICAL AND INTERESTING TIME. WHAT HAS BEEN MOST SURPRISING TO YOU?
FISCHER: WELL, I HAD TO GET USED TO A NEW CENTRAL BANK AND ONE WHICH IS FAR MORE IMPORTANT IN THE GLOBAL ECONOMY THAN THE ONE I'VE BEEN IN BEFORE. THE SURPRISES HAVE BEEN MOSTLY POSITIVE. THAT IS QUALITY OF THE STAFF IS PHENOMENALLY GOOD. THE DISCUSSIONS IN THE WARD ARE VERY, VERY SUBSTANTIVE. AND IT'S A COMPLICATED PLACE. AND I THINK I'M BEGINNING TO UNDERSTAND IT.
EISEN: ALRIGHT. THANK YOU VERY MUCH, STANLEY FISCHER, FOR TAKING THE TIME AND SPEAKING WITH US HERE ON CNBC. STANLEY FISCHER OF COURSE IS THE VICE CHAIRMAN OF THE FEDERAL RESERVE. FORMER GOVERNOR OF THE BANK OF ISRAEL.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 371 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/.
|
CNBC Exclusive: CNBC Transcript: Federal Reserve Vice Chairman Stanley Fischer Speaks with CNBC's Sara Eisen Today on "Squawk on the Street"
| 96.730769 | 0.961538 | 3.576923 |
high
|
high
|
mixed
|
http://www.cnbc.com/2015/04/09/nikkeis-rally-heres-who-is-buying-and-why.html
|
http://web.archive.org/web/20150825175634id_/http://www.cnbc.com/2015/04/09/nikkeis-rally-heres-who-is-buying-and-why.html
|
Nikkei's rally: Here's who is buying and why
|
20150825175634
|
Investors are closely watching what companies will do with their mammoth cash piles. Japanese companies were hoarding a record 223 trillion yen of cash on their balance sheets in 2014, according to a Societe Generale note published on Thursday.
All that is now changing, however, as reforms backed by Abe's government have put a renewed emphasis on return on equity.
In 2014, Japan Inc returned 3.7 trillion yen to shareholders through share buybacks, according to Societe Generale's estimates.
All of which has prompted long-term foreign investors to take a closer look at individual companies and take the plunge into buying individual stocks, instead of tentatively re-entering the market through currency hedged stock futures, said BNP Paribas' Maruyama.
However, analysts are divided over how long the momentum will continue.
While the Government Pension Investment Fund of Japan and other public pension funds are expected to provide a floor to stock prices, the Nikkei may have risen too far too fast, said BNP Paribas' Maruyama, who sees a correction in late April and May when companies will announce results and earnings outlooks.
He expects the Nikkei to end the year at 22,000 and to rise to 24,000 by the end of 2016.
Others are more bullish, however. With earnings growth of up to 20 percent on the horizon, the only strategy is to buy on the dip, said Sunrise Brokers' Collett.
There is "a 50 percent chance the Nikkei will rise to 30,000 in a year's time," he said.
|
Foreign investors are jumping on a seemingly unstoppable Nikkei rally on hopes that Japanese companies will cough up more cash to shareholders.
| 12.73913 | 0.73913 | 1 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/17/11-ceos-get-richer-as-investors-get-poorer.html
|
http://web.archive.org/web/20150825190724id_/http://www.cnbc.com/2015/04/17/11-ceos-get-richer-as-investors-get-poorer.html
|
11 CEOs get richer as investors get poorer
|
20150825190724
|
CEOs justify their huge paychecks by presumably making money for their bosses: The investors. But some CEOs got raises even as investors lost out big last year.
There are 11 CEOs in the Standard & Poor's 500, including David Williams of Noble, Stephen Wynn of Wynn Resorts and David Zaslav of Discovery Communications who received raises to their multi-million dollar compensation packages last year even while shares of their companies were among the absolute worst performers, according to a USA TODAY analysis of data from S&P Capital IQ.
Read more from USA Today: Star Wars: The Force is with Disney stock Bing it on! Google loses 20% Huge iPad buyer demands Apple refund
Don't blame the market for the stock-price declines of these stocks. These 12 stocks fell last year by an average of 33% – a horrific decline especially considering that the S&P 500 gained 11.4%. These stocks were among the 5% worst performing big-company stocks. All told, investors in these companies lost roughly $51 billion in shareholder value last year from stock-price depreciation. But the CEOs collectively were paid an additional $136 million during the year.
Read More Nokia CEO: Confident Alcatel buy will get green light
Investors realize very few CEOs will work for a dollar a year. Investors seem to know they must pay up for – and give raises to – CEOs when they boost shareholder returns. CEOs can create strategies that drive returns higher for investors. But those big CEO paychecks can be much harder to write when investors lose money.
Read MoreFormer Teva CEO's new gig at Ovid Therapeutics
CEOs pay is on top of investors' minds now – as it's "proxy season." By now, a majority of big companies have released their proxy statements – revealing what they paid CEOs last year. This analysis looks at executives who were CEO during calendar 2014 – and their pay has been disclosed for the same period as of April 15.
Discovery Communication is the example of where not only the size of the CEO's pay – but also the increase – is in the most direct contrast with the performance of the stock. CEO David Zaslav was given a 368% raise during the year bringing his total pay to more than $156 million. That makes him the most highly paid CEO for 2014. Investors on the other hand, had a terrible year. Shares of the media company, which operates Animal Planet and Discovery, plunged 24% last year. That hurts.
|
There are 11 CEOs who received raises last year while shares of their companies were among the worst performers. USA Today reports.
| 20.083333 | 0.958333 | 4.291667 |
medium
|
high
|
mixed
|
http://www.people.com/article/mark-costello-oklahoma-labor-commissioner-allegedly-fatally-stabbed-son-christian-costello-arrested
|
http://web.archive.org/web/20150826205113id_/http://www.people.com:80/article/mark-costello-oklahoma-labor-commissioner-allegedly-fatally-stabbed-son-christian-costello-arrested
|
Oklahoma Labor Commissioner Allegedly Fatally Stabbed by Son in Restaurant
|
20150826205113
|
08/24/2015 AT 12:05 PM EDT
Oklahoma's labor commissioner was allegedly fatally stabbed by his son at an Oklahoma City restaurant on Sunday,
Mark Costello, 59, was rushed to the hospital, where he was pronounced dead.
Authorities say Costello was meeting with his son, Christian Costello, 26, at a Braum's ice cream and fast food restaurant on May Avenue, north of Hefner Road. Police say the stabbing took place inside the restaurant, after which Mark Costello stumbled outside to the parking lot to get help, where he was stabbed again.
Witnesses told police the two men got into a heated argument. They also reported seeing the suspect stab Mark Costello repeatedly from behind and then stab him again in the parking lot, according to
Mark Costello was found bleeding from stab wounds to the head and neck, according to
Cops said Christian Costello is in police custody on a first-degree murder complaint.
that Christian Costello previously disclosed that he had been confined for three months for treatment of mental illness and that he had been taking mood stabilizers.
He also has a criminal past:
reports that he has been on probation since 2012 after pleading guilty to assault and battery, driving under the influence of a drug and failure to obey a traffic control device. Last year, the paper reported he was charged with outraging public decency, for which he's due in court in October.
A successful businessman from Bartlesville, Mark Costello was elected labor commissioner in November 2010, taking 64 percent of the vote.
"Our hearts ache as an agency for this tragic event and our department grieves for his family during this very difficult time," Labor Department Chief of Staff Jim Marshall said in a statement shared with Fox.
He is survived by his wife and their five children.
|
Police find Mark Costello fatally stabbed to death outside an Oklahoma City restaurant
| 26.846154 | 0.846154 | 2.076923 |
medium
|
medium
|
mixed
|
http://fortune.com/2011/07/29/startup-idols-one-year-later-modumetal/
|
http://web.archive.org/web/20150829000021id_/http://fortune.com:80/2011/07/29/startup-idols-one-year-later-modumetal/
|
Startup Idols one year later: Modumetal
|
20150829000021
|
With numerous venture capital awards and an impending joint venture with Steel Dynamics STLD under its belt, Modumetal has kept the snags to a minimum since it competed in last year’s Startup Idol competition at Fortune’s Brainstorm Tech conference.
The five-year-old Seattle-based startup is making its name with a unique scientific approach that quite literally redesigns metal, dissolving various existing pieces in acid, adding electrical charges to the mixture, and creating what it calls “nanolaminates,” extremely durable and light metal composites that have the strength of structural steel and the density of aluminum. They’re also fairly inexpensive to produce, and they eliminate hefty steel production costs and improve fuel efficiency in cars and jetliners by reducing the weight of structural parts.
“We believe our vision will have a dramatic effect on the adoption of nanomaterials,” says Modumetal CEO Christina Lomasney, a Boeing BA alum who co-founded the company with John Whitaker in 2006. “We’re attempting to raise the bar and recognize that nanomaterials have capabilities that far outperform conventional materials.”
Since pitching at last year’s Brainstorm Tech, Lomasney has been raising awareness and promoting the benefits of nanolaminates across all industries. A joint venture with U.S. carbon steel giant Steel Dynamics is also in the works, and while Lomasney would not discuss the partnership in detail, she did say that Modumetal is currently closing its Series B round of funding and that Steel Dynamics would be an investor. The company previously announced that it would contribute its coating system to Steel Dynamics’s own steel, one of Modumetal’s first large “scale-up” operations.
Earlier on, Modumetal dealt heavily in government contracts and commercial partnerships that produced propulsion and land vehicle parts for the U.S. Defense Logistics Agency and nanolaminated plane part coatings for Naval Air Systems Command. But the company’s materials can also be found in guardrails on the Washington State highway system, as well as in that state’s ferry terminals, and according to Lomasney, the Modumetal hopes to broaden its business into the automotive and transportation sectors even further. To that end, the company recently added Rebecca Yeatman, a former GM GM and Ford F engineer, who’s helping the team develop corrosion-resistant coatings that will prolong the life of bridges, and pipelines, as well lightweight alloys to make plane and cars part lighter.
It’s a win-win if Modumetal’s expansion succeeds. For Lomasney, it means the deeper realization of her ambitious vision, but for companies and civilians, it means something else: better, safer infrastructures and services that are easier on the pocket, too.
|
The transformative metal startup is thinking bigger these days. Much bigger.
| 38.461538 | 0.461538 | 0.615385 |
high
|
low
|
abstractive
|
http://www.people.com/article/jennifer-aniston-on-mothers-day-set-atlanta
|
http://web.archive.org/web/20150829210656id_/http://www.people.com:80/article/jennifer-aniston-on-mothers-day-set-atlanta
|
She Was 'Gracious to Everyone' : People.com
|
20150829210656
|
Jennifer Aniston on set in Atlanta
08/27/2015 AT 06:05 PM EDT
is officially back to work.
actress was spotted on the set of her upcoming film
Still glowing from her post-
, Aniston looked focused while preparing to film a scene with costar
"She was gracious to everyone on set," a source on set told PEOPLE.
Aniston arrived in Atlanta to begin filming less than two weeks after returning from her
When she made her first appearance on set, "she seemed really excited. She was hugging people and waving," a source told PEOPLE.
While filming a scene in a local grocery store, Aniston chatted with employees between takes.
"She was all smiles and seemed like such a warm person," another source on set told PEOPLE.
in the romantic comedy following the lives of several mothers.
will appropriately hit theaters on Mother's Day, May 8, 2016.
|
"She was all smiles and seemed like such a warm person," a source on set told PEOPLE of Jennifer Aniston
| 7.782609 | 1 | 10.304348 |
low
|
high
|
extractive
|
http://www.people.com/article/elle-coach-diabetes-service-alert-dog
|
http://web.archive.org/web/20150831022940id_/http://www.people.com:80/article/elle-coach-diabetes-service-alert-dog
|
Elle and Coach Book About Diabetes Alert Dog By Stefany Shaheen : People.com
|
20150831022940
|
Elle and Stefany Shaheen with Coach
At age 8, Elle Shaheen was diagnosed with Type 1 diabetes. With this diagnosis, the life of the girl from Portsmouth, New Hampshire, became one of literal highs and lows. Elle and her parents, Craig Welch and Stefany Shaheen, started vigilantly tracking and managing Elle's blood sugar levels, which meant 8 to 10 injections and 10 to 12 blood sugar tests each day. Even with careful monitoring, Elle's levels would surge and drop unexpectedly, leaving her to feel the taxing and often dangerous physical effects.
Then, two years ago, Elle got a coach – Coach, the diabetes alert dog, to be exact. With his special set of skills, this highly trained canine helps Elle, now 15, detect changes in blood sugar before she feels symptoms. But Coach is more than just a tool. Over the past two years, the doting dog has become a best friend, bedside companion and family member to Elle. Most important, Coach has shown Elle that diabetes is not a battle she has to manage alone but an opponent they can tackle together.
Elle's parents have been so amazed by the life-changing effect Coach has had on their family that they decided to share the dog's story through the book
, written by Elle's mom Stefany Shaheen. Stefany talked to PEOPLE about this passion project and how she hopes the bond between her daughter and Coach reminds everyone that hope can be found in the most surprising places.
I started writing the book two years ago, right after we welcomed Coach into our family, because we were so inspired by the impact he has had on Elle's life. Elle was diagnosed with Type 1 diabetes almost eight years ago, when she was just 8 years old. The challenge of living with Type 1 diabetes is constantly trying to manage blood sugar levels and keep them in a healthy range. If the blood sugar is too low, it can cause seizures. If it is too high for an extended period of time, that can cause complications, like organ failure and amputation.
Elle and Stefany Shaheen with Coach
My challenge as Elle's mom was to try to figure out how to give her all the tools she needs to keep herself as healthy as possible. Before Coach came, we tried everything, including medical trials. The day-to-day, unfortunately, was still really hard. She has to test her blood sugars 8 to 10 times a day; she takes 8 to 10 shots a day. Every time she eats. Every time she exercises.
We had heard about these diabetes alert dogs that are trained to detect changes in blood sugars. I didn't believe it was possible. But then I saw one of the dogs in action, and saw the little girl he was helping, and I thought we should learn more. Two and a half years later, we welcomed Coach into our lives, and his impact has been really remarkable.
Every day, he is helping her detect high and low blood sugars before she feels symptoms. Keeping in range is what's going to keep her safe and healthy long-term. He's trained to detect when she is out of a healthy range and alert her, and if she doesn't respond, he is trained to alert an adult.
It really depends on the situation. In the middle of the night, we have had alerts where he has come into my bedroom and put his paws on the bed to get me to wake up and then forces me to follow him into her bedroom. In her case, if she's in school, he is seated in a down position and if she is out of range, he will will sit up and paw at her lap to get her to test.
For the first time, Elle feels in control of her health. As his trainer, she's focused on what she needs to do to take care of herself, so she can do the right thing for him. It's no longer about diabetes; it's about doing what she needs to do for Coach. And that has made a huge difference. For my husband and I, it's the benefit of knowing Coach is there to catch the highs and lows. In her case, it's the added reassurance she doesn't have to do it all on her own. It's been life-changing.
It's incredible. They are together almost 24/7. She jokes and says that sometimes it's like they are an old married couple. He goes to school with her every day. He goes to summer camp and goes to the mall with her and her friends. He sleeps in her bedroom every night. It's remarkable to watch.
For me, Coach is a symbol of hope. If you had told me, after Elle was diagnosed and had gone through so many different medical trials, that ultimately a dog would be the difference that makes her life better, I wouldn't have believed you. I hope by sharing this story we can help other families who may benefit from a dog like Coach, and help people understand what diabetes is all about.
Type 1 and Type 2 diabetes are so different, and yet people think it's all the same thing. People often think Elle can cure her diabetes or reverse its effects by changing what she eats. They don't understand it's an autoimmune disease that has no cure. People think insulin is a cure. The reality is, the medicine she needs to stay alive is also medicine that could kill her if the dosage is incorrect. It's a huge stride, but it is not a cure.
|
"For me, Coach is a symbol of hope," Elle's mother told PEOPLE about the service dog
| 52.47619 | 0.809524 | 4.428571 |
high
|
medium
|
mixed
|
http://www.bbc.com/autos/story/20150831-giugiaros-stupendous-maserati-boomerang-concept-heads-to-auction
|
http://web.archive.org/web/20150902200632id_/http://www.bbc.com:80/autos/story/20150831-giugiaros-stupendous-maserati-boomerang-concept-heads-to-auction
|
Giugiaro's stupendous Maserati Boomerang heads to auction
|
20150902200632
|
Wherever you are, and whatever currency you use, such a sum will buy quite a lot. Like a private jet. Or a medieval castle. For a car, this is very big money. But the Boomerang is no ordinary car. Designed by Giorgetto Giugiaro, it debuted at the 1971 Turin motor show, and there's little doubt that it dropped many, many jaws during its 15 minutes of fame.
Maserati built the Boomerang on the chassis of its production Bora road car, and retained that car's sweet 300-horsepower V8. The Boomerang is fully road-legal and, should the new owner choose to poke the gods of fate with a big pointy stick, it is capable of touching 186mph.
Happily, the interior is as outlandish as the exterior, with slung-back one-piece seats and a dense cluster of gauges and switchgear, including stubby turn-indicator and headlamp stalks, arranged in a circle — inside the rim of the steering wheel.
“It’s considered by many to be one of the most remarkable designs of the 20th century,” says Philip Kantor, Bonhams’ motor-cars specialist. Indeed.
Pointy Italian exotics not your thing? Rest assured, Bonham's Chantilly Sale has plenty of other gems looking for new homes, including one of two 1996 Aston Martin V8 Sportsman Shooting Brakes, a matched set of coupe and roadster 1962 Jaguar E-Types, and the 1976 Mercedes-Benz 450 SEL 6.9 in which the Egypt-born French pop singer Claude François escaped a gun-wielding fan in 1977. How's that for a conversation-starter?
The Chantilly Sale kicks off at 18:00 CEST on 5 September, at the Château de Chantilly, Chantilly, France. Get acquainted with the lot list here.
If you would like to comment on this story or anything else you have seen on BBC Autos, head over to our Facebook page or message us on Twitter.
|
Italian designer Giorgetto Giugiaro's road-legal concept, based on the production Bora and capable of 186mph, is expected to bring close to £3m at auction.
| 11.30303 | 0.69697 | 1.181818 |
low
|
low
|
abstractive
|
http://www.people.com/article/manhunt-continues-3-suspects-who-shot-killed-police-officer-chicago
|
http://web.archive.org/web/20150904181206id_/http://www.people.com:80/article/manhunt-continues-3-suspects-who-shot-killed-police-officer-chicago
|
Manhunt Continues for 3 Suspects Who Shot and Killed Police Officer near Chicago : People.com
|
20150904181206
|
09/02/2015 AT 08:15 AM EDT
The manhunt continues for the three suspects who shot and killed a police officer Tuesday morning in Fox Lake, Illinois, a suburb about an hour north of Chicago.
About 8 a.m. on Tuesday, Lt. Joe Gliniewicz, a 30-year veteran of the force, radioed that he was chasing "three suspicious subjects" on foot.
Police eventually lost contact with Gliniewicz, who was later found in a marshy area with a gunshot wound, the Associated Press reports. Responding officers said they heard a gunshot before they discovered the officer's body.
He had been stripped of his gun and pepper spray.
A massive search remains underway in the Fox Lake area for the three suspects, who have only been publically identified as two white males and one black male. On Tuesday evening, officers were going door to door in the community of about 60,000.
Gliniewicz, known as "G.I. Joe" to those who loved him, was a married father of four sons who had planned to retire last month, but was talked into staying on just a little bit longer, according to
"He loved his community and loved his job, and he will be very sorely missed in this community," Grant Township supervisor Catherine "Kay" Starostovic said.
|
Lt. Joe Gliniewicz's body was found on Tuesday morning
| 22.454545 | 1 | 2.454545 |
medium
|
high
|
mixed
|
http://www.people.com/article/michael-bernback-millionaire-matchmaker-charged-sexual-assault-drugging-three-women
|
http://web.archive.org/web/20150904200805id_/http://www.people.com:80/article/michael-bernback-millionaire-matchmaker-charged-sexual-assault-drugging-three-women
|
Man Who Appeared on Millionaire Matchmaker Charged with Drugging and Sexually Assaulting Three Women
|
20150904200805
|
Michael Bernback was arrested at his L.A. home on Aug. 13
09/03/2015 AT 10:30 PM EDT
A businessman who appeared on
was charged Thursday with sexually assaulting three women.
Michael Bernback, 62, who was featured on one episode of the dating show in 2011, is scheduled to be arraigned in a Los Angeles courtroom later this month on eight felony counts including forcible rape, rape by use of drugs, rape of an unconscious person and two counts of administering a drug to commit rape,
He has also been charged with three misdemeanor counts of possessing MDMA, GHB and cocaine.
Prosecutors allege that the crimes occurred between March and September 2014, and on Aug. 11 this year.
The criminal complaint alleges that Bernback gave a controlled substance to one of the women and tied and bound another during an alleged attack, the
At the time of his early-morning arrest on Aug. 13, officials told
that Bernback met each of his victims – who are all in their 20s – online.
Bernback was taken into custody again on Thursday and his bail was increased from $300,000 to $2.1 million.
If convicted of the charges, he could face a possible maximum sentence of multiple life terms.
|
Michael Bernback allegedly committed the crimes in 2014 and in August this year
| 18.076923 | 0.769231 | 1.230769 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/05/22/six-odd-facts-about-pac-man-who-turns-35-today.html
|
http://web.archive.org/web/20150905125415id_/http://www.cnbc.com/2015/05/22/six-odd-facts-about-pac-man-who-turns-35-today.html
|
Six odd facts about Pac-Man, who turns 35 today
|
20150905125415
|
Pac-Man, the ultimate '80s icon, is nearing middle age.
The arcade game turns 35 on Friday, and in the years since his debut, he has appeared on virtually every video game platform to hit shelves. But the the little yellow pellet muncher's reach has extended far beyond the gaming world.
He has fronted cereal boxes. He was on the cover of Time magazine. He has been the star of at least two cartoon shows (one in the '80s and one currently airing on Disney XD) . Buckner & Garcia's ode to the game- "Pac-Man Fever" hit #9 on the Billboard charts in 1981. And there are tens of thousands of tie-in products bearing his image.
Pac-Man, not surprisingly, is hands down the biggest product in the catalog of publisher Bandai Namco. It's so big, in fact, that the sole reason the company formed and launched its mobile division was to get the game onto cell phones and other handheld devices.
Read MoreMobile gamemakers face a test of survival
Pinning down financials for the franchise isn't as easy as you might expect, though. The tens of millions of dollars that the game raised during its arcade heyday are impossible to definitively calculate (not surprising, given it was an all-cash business with lots of third-parties involved). And the character has appeared in so many different games and been merchandised in so many different ways that it's an accounting nightmare.
To lend some perspective, though, consider this: In the late 1990s, Twin Galaxies, a company that tracks video game world record scores, visited several used game auctions and counted how many times the average Pac-Man machine had been played. Multiplying those figures by the total number of machines that were manufactured, the organization believes the arcade game was played more than 10 billion times in the 20th century. That's $2.5 billion in quarters alone.
While Pac-Man might be the most recognizable character in the videogame world, he still has a few secrets that many people don't know. Here are some of the most interesting:
|
The arcade game turns 35 on Friday, and in the years since his debut, he has appeared on virtually every video game platform to hit shelves.
| 14.344828 | 1 | 29 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/08/13/reuters-america-update-7-oil-prices-dip-as-dollar-strength-adds-to-glut-fears.html
|
http://web.archive.org/web/20150905195423id_/http://www.cnbc.com/2015/08/13/reuters-america-update-7-oil-prices-dip-as-dollar-strength-adds-to-glut-fears.html
|
UPDATE 7-Oil prices dip as dollar strength adds to glut fears
|
20150905195423
|
* U.S. refinery problems raise Cushing oil stock concerns
* China's economy expected to weaken further
* Iran could add 100,000 bpd this year from storage - EIA
LONDON, Aug 13 (Reuters) - Crude prices slid on Thursday as early optimism gave way under the weight of a climbing U.S. dollar and a persistent global overhang of physical oil.
The greenback rose on Thursday afternoon after the release of strong U.S. economic data, making it more expensive for holders of other currencies to buy oil priced in dollars.
Benchmark North Sea Brent crude oil fell by 25 cents to $49.41 a barrel by 1315 GMT after hitting a session high of $50.39.
U.S. crude was down 40 cents at $42.90 per barrel.
"It's mainly driven by the U.S. dollar, but it's aided by the bearish fundamentals," Commerzbank analyst Carsten Fritsch said.
U.S. crude futures were under greater pressure as problems with a major refinery in the U.S. Midwest cast doubt on the country's ability to process its own oil.
The discount of U.S. crude futures versus dated Brent <CL-LCO1=R> grew to more than $6.50 per barrel from a discount of less than $4 early last week.
While traders said early signs of falling U.S. oil production had been supportive for prices, the problems that took out BP's 165,000-barrels-per-day Whiting, Indiana refinery raised concerns that the U.S. oil storage hub at Cushing, Oklahoma, could fill.
"The BP mishap could result in a backup in inventories in both Patoka and Cushing and result in a build in Cushing crude oil inventories in the coming weeks," said Dominick Chirichella, a U.S.-based consultant.
Other bearish signals also weighed on prices.
OPEC's second-largest producer, Iraq, plans to export near-record volumes of Basra crude in September, adding to an already oversupplied market.
The U.S. Energy Information Administration also said on Thursday that Iran's release of oil held in storage could boost global supplies by 100,000 barrels per day this year, and that it had the "technical capability" to boost output by 600,000 bpd by the end of next year.
Additionally, while the International Energy Agency said on Wednesday that it expects 2015 demand growth to hit a five-year high, China's shaky economy, and recent moves by Beijing to devalue its currency, cast doubt on the country's potential oil consumption.
China's implied oil demand fell in July from the previous month amid a drop in vehicle sales.
"All is not well with the Chinese economy," Howie Lee of Phillip Futures told Reuters Global Oil Forum.
Falling margins at Asian refineries have led Chinese and Korean refiners to cut production, thus lowering their demand for crude oil.
(Additional reporting by Henning Gloystein and Jacob Gronholt-Pedersen in Singapore; Editing by Jason Neely and Dale Hudson)
|
*U.S. refinery problems raise Cushing oil stock concerns. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil fell by 25 cents to $49.41 a barrel by 1315 GMT after hitting a session high of $50.39.
| 12.108696 | 1 | 19.043478 |
low
|
high
|
extractive
|
http://www.cnbc.com/2014/09/23/number-of-obamacare-insurers-to-rise-by-25-in-2015.html
|
http://web.archive.org/web/20150906013439id_/http://www.cnbc.com/2014/09/23/number-of-obamacare-insurers-to-rise-by-25-in-2015.html
|
Number of Obamacare insurers to rise by 25% in 2015
|
20150906013439
|
But Dan Mendelson, CEO of the Avalere Health consultancy, said the news that more insurers are jumping into the Obamacare marketplace bodes well not only for customers on the exchange but also for the political viability of President Barack Obama's signature health-care reform law.
"The exchanges are a robust commercial market—viable in the short run and very strategic for a future that has more individual choice," Mendelson said. "Many of the plans that largely sat out the first year—like UnitedHealthcare—are diving in. The long-term stability of this program is largely defined by insurer reactions, so this is a good sign."
"It gets harder to repeal a program when it has a vibrant commercial market attached," Mendelson said.
Ceci Connolly, managing director of PriceWaterhouseCoopers Health Research Institute, said, "It's clear insurers see growth opportunity in the new exchanges and are meeting the market demand for choice."
"Two other significant points – we're seeing average premium increases nationally of about 7 percent, a sure sign that competition is good for consumers," Connolly said. "And second, with attention turning to the private exchanges that will open for employers in the coming years, HRI recently reported that 32 percent of employers are considering shifting their employees to exchange-based health coverage. All evidence that exchanges will be an enduring part of the developing new health economy."
Larry Levitt, an Obamacare expert with the Kaiser Family Foundation, on his Twitter account responded to the news: "With more insurers selling in ACA marketplaces, the law has passed the viability test. Logistical challenges remain."
Those logistical challenges include an ongoing re-vamp of HealthCare.gov's enrollment technology, which has some experts worried that the federal Web site will not run smoothly when open enrollment resumes Nov. 15.
And that site still has yet to build a so-called "back end," whose technology is supposed to run calculations for financial programs that are designed to minimize the risk insurers face by covering people through exchange-sold plans.
This season's open-enrollment period will end Feb. 15, and be about three months shorter than Obamacare's first season.
About 8.1 million people selected Obamacare plans by the end of open enrollment this past mid-April. But after several months, during which many of them failed to pay their first month's premium or dropped out for other reasons, and when others enrolled during a special enrollment period, there ended up being 7.3 million people currently enrolled in such plans, HHS said last week.
|
More insurers will sell Obamacare plans on HealthCare.gov for 2015 enrollment than did this year, heartening advocates of the health-care reform law.
| 19.153846 | 0.807692 | 2.192308 |
medium
|
medium
|
mixed
|
http://www.cnbc.com/2015/09/02/reuters-america-update-1-navistar-may-face-sec-lawsuit-posts-12th-loss-in-a-row.html
|
http://web.archive.org/web/20150906031330id_/http://www.cnbc.com/2015/09/02/reuters-america-update-1-navistar-may-face-sec-lawsuit-posts-12th-loss-in-a-row.html
|
UPDATE 1-Navistar may face SEC lawsuit; posts 12th loss in a row
|
20150906031330
|
Sept 2 (Reuters) - Truck and engine maker Navistar International Corp said it could face enforcement from the U.S. Securities and Exchange Commission, and posted its 12th quarterly loss in a row, hurt by restructuring and product warranty costs.
The company's shares fell 14.3 percent to $14.87 in premarket trading on Wednesday.
The company said it received a Wells notice recommending the SEC to file enforcement action against the company and its former chief executive, Daniel Ustian, for allegedly violating certain regulations related to secondary trading of securities.
A Wells notice is usually the last step in an SEC investigation before enforcement action is taken and gives the recipient one last chance to persuade regulators not to file a lawsuit.
Net loss attributable to Navistar widened to $28 million, or 34 cents per share, in the third quarter ended July 31, from $2 million, or 2 cents per share, a year earlier.
The company has been struggling with high warranty costs related to an emission reduction system that has failed to meet regulatory standards in 2012.
Revenue fell nearly 11 percent to $2.54 billion.
Analysts on average had expected revenue $2.75 billion, according to Thomson Reuters I/B/E/S.
Up to Tuesday's close, Navistar's stock had fallen about 48 percent this year, compared with the 16.2 percent decline in the Dow Jones U.S. commercial vehicles & trucks index.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila and Savio D'Souza)
|
Sept 2- Truck and engine maker Navistar International Corp said it could face enforcement from the U.S. Securities and Exchange Commission, and posted its 12th quarterly loss in a row, hurt by restructuring and product warranty costs. The company said it received a Wells notice recommending the SEC to file enforcement action against the company and its former...
| 4.629032 | 0.967742 | 30.419355 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/07/29/can-twitter-avoid-being-the-next-myspace-commentary.html
|
http://web.archive.org/web/20150906112744id_/http://www.cnbc.com/2015/07/29/can-twitter-avoid-being-the-next-myspace-commentary.html
|
Can Twitter avoid being the next MySpace?
|
20150906112744
|
Twitter needs to think like a start-up to succeed but it has simply not made creative adjustments to cope with competitors. The company continues to suffer from a lack of direction, and the resignation of two key executives prior to the earnings call further demonstrates that a talent drain remains a major problem. This is beginning to feel like Yahoo! before Marissa Mayer took over as CEO.
For the first time in an earnings call, new leadership (headed up by CEO Jack Dorsey) is saying out loud what the rest of the technology world already knows: Twitter has issues. Non-journalists, celebrities, politicians and public figures need a compelling reason to use Twitter. You cannot be a mouthpiece for just a small segment of the population and expect to be a company with broad reach.
Read MoreTwitter stock sinks as execs warn on user growth
|
Twitter is finally owning the truth. Now, here's what it needs to do to avoid being the next MySpace, says Michael Yoshikami.
| 6.111111 | 0.481481 | 0.555556 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/08/19/pr-newswire-californias-new-energy-and-climate-goals-will-create-jobs-and-boost-the-economy.html
|
http://web.archive.org/web/20150906161811id_/http://www.cnbc.com/2015/08/19/pr-newswire-californias-new-energy-and-climate-goals-will-create-jobs-and-boost-the-economy.html
|
California's New Energy and Climate Goals Will Create Jobs and Boost the Economy
|
20150906161811
|
SACRAMENTO, Calif., Aug. 19, 2015 /PRNewswire-USNewswire/ -- Advanced energy business leaders went to the California Capitol building today to express support for Gov. Brown's energy and climate goals for 2030 and Senate President Pro-tempore Kevin de León's bill to put those goals into law. These company executives say that increasing the use of renewable energy, energy efficiency, and alternatives for petroleum fuels will meet California's energy needs and also create jobs and grow businesses – and with it, California's economy.
"Thanks to the ambitious goals it has already achieved, California has become the nation's leader in energy innovation, and has the business growth to show for it," said Graham Richard, CEO of Advanced Energy Economy, a national business association with a significant membership of companies in California. "Raising our sights higher will keep the momentum going."
Advanced Energy Economy, a national business association with many member companies in California, supports SB 350 (de León). Enacting SB 350 will create jobs and drive economic growth in California, according to AEE. That view was delivered today by representatives of 20 AEE member companies visiting key California lawmakers.
"California sets the standard nationally for energy efficiency in buildings, but there is much more that can be done," said Terrill Laughton, Vice President and General Manager for Integrated Demand Resources, Johnson Controls, Inc. "As the nation's leader in energy technology and management, Johnson Controls supports the goal of doubling the energy efficiency of buildings beyond the state's current high standards, and stands ready to help California achieve that goal."
"Solar power is already meeting a significant portion of California's energy needs, but has by no means reached its limit," said Howard Wenger, President of Business Units, SunPower Corp. "The solar industry is prepared to help the state reach higher in its use of clean, renewable energy."
"Intelligent energy storage is a key component of the electric power system of the future," said Ted Ko, Director of Policy, Stem, Inc. "As a pioneer in valuable new applications of energy storage, Stem looks forward to helping California achieve all of the major objectives captured in SB 350. The potential for consumers to manage their energy costs while simultaneously contributing to our climate goals is enormous."
"California's continuing growth puts enormous pressure on our natural resources, and that demands that we become more water and energy efficient," said Robin Gilthorpe, CEO, WaterSmart Software. "Water and energy are so interrelated that we can consider them as a single resource, and now is the time to tap innovative solutions to help us create a sustainable future for California."
AEE's priorities for the 2015-16 legislation session include:
Extending the State's Energy and Climate Goals:
Investing Cap and Trade Revenue to Achieve Maximum Economic and Environmental Benefits:
California has shown that ambitious energy and climate goals send a market signal that can build an industry. In a groundbreaking survey commissioned by the Advanced Energy Economy Institute, a nonprofit educational organization affiliated with AEE, advanced energy employment in California was documented as 431,000 workers in 2014, with significant employment found in all areas of the state. Employers reported 5 percent growth in advanced energy-related jobs over the year prior, and projected 17 percent growth in employment in the year ahead.
The advanced energy industry lobbying effort came the day before AEE's Pathway to 2050, the organization's third annual event in Sacramento focusing on the challenges and opportunities for business growth arising from California's nation-leading climate and energy commitments. This year's event, held at the Sacramento Convention Center, features panels on meeting California's carbon goals by RPS or Clean Energy Standard; future of demand management; high penetration of renewable energy on the grid; electrification of transportation; and utility regulation and business model reform, featuring a presentation on the industry-utility working group paper Toward a 21st Century Electricity System for California, published last week.
Speakers in this year's Pathway event include Nancy McFadden, Executive Secretary to Gov. Brown; energy and utility committee chairs Assemblyman Anthony Rendon and Senator Ben Hueso; California Air Resources Board chair Mary Nichols; California Energy Commissioner David Hochschild; California Independent System Operator President and CEO Steve Berberich; California Public Utilities Commission President Michael Picker and Commissioner Carla Peterman; and executives from Pacific Gas & Electric, San Diego Gas & Electric, and Southern California Edison.
About Advanced Energy EconomyAdvanced Energy Economy (AEE) is a national association of businesses making the energy we use secure, clean, and affordable. Advanced energy products and services include energy efficiency, demand response, natural gas electricity generation, solar, wind, hydro, electric vehicles, energy storage, biofuels, and smart grid. AEE's mission is to transform public policy to enable rapid growth of advanced energy businesses. AEE works with member companies located and doing business in California to help the state reach its energy and climate goals by focusing on effective implementation, leveraging public dollars with private investment, and building public support. Visit AEE online at www.aee.net
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/californias-new-energy-and-climate-goals-will-create-jobs-and-boost-the-economy-300130725.html
|
These company executives say that increasing the use of renewable energy, energy efficiency, and alternatives for petroleum fuels will meet California's energy needs and also create jobs and grow businesses– and with it, California's economy. "Thanks to the ambitious goals it has already achieved, California has become the nation's leader in energy...
| 16.253968 | 0.952381 | 23.619048 |
medium
|
high
|
extractive
|
http://www.cnbc.com/2015/07/16/reuters-america-philip-morris-expands-e-cigarette-deal-with-altria.html
|
http://web.archive.org/web/20150908044548id_/http://www.cnbc.com/2015/07/16/reuters-america-philip-morris-expands-e-cigarette-deal-with-altria.html
|
Philip Morris expands e-cigarette deal with Altria
|
20150908044548
|
LONDON, July 16 (Reuters) - Philip Morris International and its American counterpart Altria Group announced on Thursday an expansion of their agreement on e-cigarettes to include research and development, as the market for tobacco alternatives continues to evolve.
The companies, which split from each other in 2008, said in 2013 that Philip Morris would have the exclusive right to sell Altria's e-cigarettes outside the United States, and Altria the exclusive right to sell two of Philip Morris's "heated tobacco products" in the United States. They also said they would cooperate on scientific assessments of the products, engaging with regulators and sharing improvements in the products.
On Thursday, the companies said they were expanding that framework to include a joint research, development and technology-sharing agreement, which a Philip Morris spokeswoman said would set a framework to develop the next generation of e-cigarettes.
E-cigarettes, which heat nicotine-laced liquid into an inhalable vapor, have been growing in popularity on both sides of the Atlantic, but remain the subject of much debate due largely to a lack of long-term data about their effects on health. Still, many scientists believe they are much safer than traditional cigarettes.
Altria sells an e-cigarette called MarkTen in the United States, which Philip Morris sells in Spain under the brand name Solaris. Philip Morris also sells Marlboro HeatSticks, made from tobacco, in Italy and Japan.
Separately on Thursday, Philip Morris, the world's leading tobacco company, said it was dissolving a joint venture with Swedish Match that was aimed at selling snus, a type of smokeless tobacco, outside Scandinavia and the United States. The companies said there was a small but growing demand for snus in those markets but that "development has ... taken longer than the parties had initially anticipated".
The companies will now pursue their own strategies, though there are transitional agreements in place whereby Swedish Match will supply snus to Philip Morris for certain markets, and Philip Morris will distribute the Swedish company's snus in Canada and Russia.
(Reporting by Martinne Geller in London; Editing by Susan Fenton)
|
LONDON, July 16- Philip Morris International and its American counterpart Altria Group announced on Thursday an expansion of their agreement on e-cigarettes to include research and development, as the market for tobacco alternatives continues to evolve. The companies, which split from each other in 2008, said in 2013 that Philip Morris would have the...
| 6.629032 | 0.983871 | 28.693548 |
low
|
high
|
extractive
|
http://www.nytimes.com/1964/02/28/chimpanzees-appear-to-have-low-opinion-of-human-beings.html
|
http://web.archive.org/web/20150909070019id_/http://www.nytimes.com:80/1964/02/28/chimpanzees-appear-to-have-low-opinion-of-human-beings.html
|
Chimpanzees Appear to Have Low Opinion of Human Beings
|
20150909070019
|
WASHINGTON, Feb. 27 —Life among the chimpanzees could give some people an inferiority complex.
Jane Goodall, a 29‐year‐old English scientist who has spent more than three years in the wilds of East Africa among subhuman primates, thinks the chimps looked on her as “an inferior creature ‐ like a baboon.” To an average specimen of Homo sapiens, however, Miss Goodall gives no such impression. Fragile and blonde, with huge green eyes and a tiptilted nose, she looks as if she should be pouring tea or watering the roses instead of prowling the bush from dawn to dark studying the behavioral patterns of our furry friends. Miss Goodall is in Washington to speak before the National Academy of Sciences on her observations of chimpanzees. About 40 of these, in the Gombe Stream Reserve near Lake Tanganyika, “I came to know well,” she said today. She lived for many months in a tent, rising at 5:30 and going out to spend the day alone, just
Among these findings: wild chimpanzees make ingenious drinking cups from crumpled leaves; they fashion and use other tools, such as stripped twigs for digging out termites; they can influence one another's behavior by vocal calls; they lead a complex social life.
Today, during a news conference at the National Geographic Society, which is sponsoring her research, Miss Goodall was asked if the climate was healthful in the Gombe Reserve.
“Not frightfully—there's malaria there,” she replied. She was down with a serious case for more than three months, she said.
Do the chimps recognize the young of other species ?, someone else asked.
“Well probably, because they eat them.” Miss Goodall said.
In 1960, when Miss Goodall first went to Tanganyika, authorities would not let her travel to the reserve alone, and so she took her mother along.
“Mummy simply loved it out there,” Miss Goodall said, even though Mummy was sidelined
Miss Goodall said chimps spend most of their time feeding, resting and engrossed in “social grooming”‐ruffling each other's hair to pick out grass seeds and other debris.
The chimps showed such individuality of behavior‐from hooting aggressiveness to gentle forebearance‐that she found names for all of them. Her best friend was a soft‐
How did he show his friendliness? “Sometimes David would come up and sit beside me and say ‘Hoo’,” Miss Goodall said.
Another male swatted her on the head once—the only time she was hit by a chimp.
She noted that the ugliest female on the reserve, whom she named Flo, was always seen in the company of 10 attentive males.
Miss Goodall was asked if she occasionally became lonely during her daily solitary vigils, which went on for as long as 15 months at a stretch.
“I didn’t get lonely, not even once,” she said. “There was much too much going on.”
This article can be viewed in its original form. Please send questions and feedback to archive_feedback@nytimes.com
|
J Goodall repts on 3-yr study of behavior
| 73.25 | 0.5 | 0.5 |
high
|
low
|
abstractive
|
http://www.cnbc.com/2015/08/25/delay-on-fed-rate-hike-wont-stop-asias-stock-slide.html
|
http://web.archive.org/web/20150909215147id_/http://www.cnbc.com/2015/08/25/delay-on-fed-rate-hike-wont-stop-asias-stock-slide.html
|
Delay on Fed rate hike won't stop Asia's stock slide
|
20150909215147
|
The guidebook for policymakers to shore up assets varies depending on growth and inflation levels.
"Asia has a growth problem, but not one of acute financial stress ... Slowing growth, even from the currently subdued pace, is bound to add pressure on asset markets," HSBC economist Frederic Neumann said on Tuesday.
Thailand, Taiwan, India, South Korea, Philippines and Singapore have sufficient breathing room to loosen monetary policy to deal with tepid growth, but that's not an option for Indonesia and Malaysia, seeing as both the rupiah and ringgit are trading at seventeen-year lows,
Instead, Indonesia raised import taxes on non-inflationary goods like electronics and jewelry this week in the hopes of cutting its current account deficit - a major complaint of investors. During the second quarter, Southeast Asia's largest economy reported a deficit equivalent to 2 percent of gross domestic product, wider than the January-March period.
Meanwhile, Malaysia's fiscal position is rapidly deteriorating, with international reserves at a six-year low. But implementing implicit capital controls, such as higher hurdles for resident companies trying to move money offshore, could be a possible solution, Citi wrote in a recent note.
Read MoreWhy emerging market currencies are collapsing
A harmonious approach to future currency moves could also fend off volatility. Since Beijing shocked the world by devaluing the renminbi by 2 percent earlier this month, Asian currencies have been hit hard since China's economy represents around 44 percent of Asian GDP, according to UBS estimates.
Philippines' finance chief Cesar Purisima said over the weekend that Asia must refrain from competing with China's lower yuan, warning of higher debt service requirements and imports costs. Central bankers in Indonesia and India have also voiced their displeasure with the recent slide in their currencies and indicated that they were ready to step in if they believed markets were unusually volatile.
"We must be mindful of the trade-offs involved in using the exchange rate as a trade tool to boost competitiveness," Purisima said in a statement.
|
Speculation is high that the Fed may delay its September rate hike, but that still may not be enough to calm Asian markets.
| 15.64 | 0.56 | 0.8 |
medium
|
low
|
abstractive
|
http://www.people.com/article/amal-clooney-maldives-trip-mohamed-nasheed
|
http://web.archive.org/web/20150910140610id_/http://www.people.com:80/article/amal-clooney-maldives-trip-mohamed-nasheed
|
Source : People.com
|
20150910140610
|
09/09/2015 AT 11:30 AM EDT
As an international law and human rights attorney,
is no stranger to high-stakes cases and navigating precarious, and potentially dangerous, situations. But her visit to the Maldives this week to
, the country's former president currently imprisoned in a Maafushi jail, poses its own risks.
"Amal is in a pretty rough spot right now in the Maldives," says a source close to the London-based barrister, who is working pro bono to defend the Maldives' first democratically elected president.
"President Nasheed is a really good, forward-thinking man, in a really dangerous situation, and Amal being there is really tricky and really dangerous."
In fact, just ahead of Clooney's visit, her co-counsel Mahfooz Saeed was
on Sept. 4 by masked men outside his Malé hotel and remains in critical condition in a local hospital.
Immediately following the ambush, Amnesty International called for an
and warned, "Maldives authorities must ensure that human rights defenders can work free from fear of reprisals." The organization added, "Political tensions in Maldives are running high, and there is a climate of fear spreading among opposition supporters and human rights defenders, as the human rights situation has deteriorated over the past two years."
Clooney, 37, arrived in the Maldives on Monday and had a jail-house meeting the next day with Nasheed, whose detention for "terrorism" Clooney has called "arbitrary and in violation of international law." Describing Nasheed's conviction and 13-year sentence as "a mockery of justice" in an April editorial for
– his arrest, trial, conviction and sentencing took less than three weeks – she remains steadfast in her fight for the politician's freedom.
Those who know Clooney (wife to
) attest that human rights work is her lifeblood. Like her ongoing defense of Canadian national and
imprisoned in Egypt, taking risks is part of the job.
"She's in a place she knew was dangerous going in, but this is her [work]," says the source. "She's doing such an amazing job and taking such big risks and doing it all for no money. These are cases that aren't easily won."
"She's always been this way. She did a little bit of corporate law early on in New York and realized it was boring and she wanted to be a human rights attorney. It's what drives her," says the source.
"It's not about fame or money or any of that for her."
Recently offered a multi-million contract with a luxury brand, she turned it down, confirms a representative for the Clooneys, adding, "She was very flattered but it's just not what she's interested in doing."
"She's been offered huge amounts of money to not do this job and to just be famous and pretty and stylish. But she doesn't even blink. She says, 'That's not who I am and that's not what I do.' "
|
Working pro bono, the human rights lawyer is defending the country's imprisoned former president Mohamed Nasheed
| 33.388889 | 0.833333 | 1.833333 |
medium
|
medium
|
mixed
|
http://www.people.com/article/celeb-instagrams-venice-film-festival
|
http://web.archive.org/web/20150911003532id_/http://www.people.com:80/article/celeb-instagrams-venice-film-festival
|
Instagram Photos, Celebrities in Venice : People.com
|
20150911003532
|
09/08/2015 AT 12:35 PM EDT
Every year, movie stars flock to Italy for the annual
to premiere their films – many of which have gone on to garner major Oscar buzz – and check out their peers' latest projects as well as the city's exquisite offerings. When it comes to jet-setting to Venice, trying out their mouth-watering cuisine and basking in their #nofilter backdrops are absolute musts.
And those same stars that make the yearly pilgrimage to Venice are taking full advantage of their time there – and have the flawless Instagram snapshots to prove it. From
, see the celebs who are currently documenting their time in Venice. Warning: you'll be green with envy by the end of this post.
A photo posted by Dakota Johnson (@dakotajohnson) on Sep 2, 2015 at 9:14am PDT
A photo posted by Diane Kruger (@dianekrugerperso) on Sep 7, 2015 at 4:38am PDT
A photo posted by Diane Kruger (@dianekrugerperso) on Sep 7, 2015 at 4:05am PDT
|
We're green with envy just looking at these Instagram photos
| 17.727273 | 0.454545 | 1 |
medium
|
low
|
abstractive
|
http://www.people.com/article/gabrielle-union-dwyane-wade-wedding-video-movie-trailer
|
http://web.archive.org/web/20150912124024id_/http://www.people.com/article/gabrielle-union-dwyane-wade-wedding-video-movie-trailer
|
Gabrielle Union and Dwyane Wade's Wedding Video Is a Romantic Movie Trailer : People.com
|
20150912124024
|
09/11/2015 AT 11:00 AM EDT
's romance seems straight out of a movie – so the stars went Hollywood with their wedding video.
actress and Miami Heat shooting guard are sharing a trailer for a film about their
, exclusively with PEOPLE, and it's got us calling for an Oscar nom. Or at least a reality show spinoff.
Like any good romantic comedy, it'll make you cry, laugh and pine for the day you, too, find your knight in shining basketball uniform.
"D, I've seen a change in you. You're happy. Gab, you're happy," comedian
, Union's co-star in actual rom-com
, tells the couple in his toast. "You guys had a perfect f---ing day. I apologize for cussing, people, but I've been drinking."
Then, there's a montage set to Sister Sledge's "We Are Family" of Union, 42, and Wade, 33, getting ready for the big day, saying "I do" and partying into the night with celebrities like
with an exotic vacation, we think it's time for a destination sequel.
|
Kevin Hart guest-stars in the adorable video
| 25.555556 | 0.555556 | 0.555556 |
medium
|
low
|
abstractive
|
http://www.people.com/article/kimberly-williams-paisley-mother-dementia
|
http://web.archive.org/web/20150914161503id_/http://www.people.com:80/article/kimberly-williams-paisley-mother-dementia
|
Kimberly Williams-Paisley on Mother's Dementia Diagnosis : People.com
|
20150914161503
|
updated 09/13/2015 AT 06:20 PM EDT
•originally published 09/11/2015 AT 09:45 PM EDT
In the 10 years since her mother's primary progressive aphasia diagnosis,
has watched dementia claim more and more of the mom she's always known. The key to not letting the disease also destroy her in the process? Learning to love the person her mom was becoming.
"People change and evolve in life anyway and this is just an extreme evolution in my mother," the actress and author, 43, tells PEOPLE of her mom Linda, who is now completely non-verbal and living in a memory care facility. "There were ways that she changed along the way that I loved. She became goofier and funnier. She became more accepting of me in a lot of ways.
"There were times when I was a mother and she just delighted in me, whereas in the past, she may have been a little more critical or she might have meddled a little more," says Williams-Paisley.
"As it was, she just adored me and adored my kids [Huck, 8½, and Jasper, 6, with husband
] and adored being a grandmother. A lot of the anxiety and judgment that she used to have disappeared for a time. There was a phase where that's where she was and it was really fun watching her delight in her grandchildren and delight in life and have that passion and joy that was unbridled because she didn't really have an awareness of who she was in the same way she used to. She let go of a lot of inhibitions."
Still, it's been a tough road for the entire family, not the least of which has been her dad, who handled much of her mom's care for many years.
"I know my father got lost, even with the support of his family," says the actress. "He stopped returning calls and wouldn't listen to reason. He got sucked into her disease and didn't realize how much help he needed. It's very important for people in this situation to ask for help and accept it and get the help wherever they can. "
That's why Williams-Paisley signed on to be a spokesperson for both the
. She's spreading the word that there are resources out there that can help.
"I think for anybody going through it, a key is finding a community of people that can support you,' says Williams-Paisley, who will
, in March. "Certainly, there are tons of resources out there if you don't have family."
|
"People change and evolve in life anyway and this is just an extreme evolution in my mother," Williams-Paisley tells PEOPLE
| 20.32 | 1 | 16.52 |
medium
|
high
|
extractive
|
http://www.cnbc.com/2015/07/20/ikea-hikes-pay-in-uk-after-raising-wages-in-us.html
|
http://web.archive.org/web/20150914165901id_/http://www.cnbc.com/2015/07/20/ikea-hikes-pay-in-uk-after-raising-wages-in-us.html
|
IKEA hikes pay in UK after raising wages in US
|
20150914165901
|
The move comes a month after the company agreed to raise wages for its staff in the U.S. to $11.87 per hour from January 2016 – that's $4.62 more than the federal minimum wage.
In an interview with CNBC's Closing Bell at the time, IKEA's U.S. chief financial officer said raising wages benefitted the company as well as staff.
"We've seen a 5-point reduction in turnover, which of course benefits us from recruiting costs [and] from onboarding costs," Rob Olson said.
Read MoreWhy hiking wages is good for business: Ikea US CFO
Pay has been a hot topic in America for some time, and earlier this year, McDonald's workers went on protests to demand pay of $15 an hour. As a result of the "Fight for $15" campaign, New York's acting commissioner of Labor, Mario J. Musolino, decided fast food workers' wages were insufficient, and appointed a wage board to look into increasing the state's minimum wage for the fast food industry which is expected to announce its finding this week.
Other companies, including Walmart and Gap, have set pay floors above the minimum wage, while some cities have hiked minimum pay. Los Angeles, for instance, raised its minimum wage to $15 an hour in May.
|
IKEA has promised to pay its U.K. workforce the “living wage,” as the drive for businesses to pay above the minimum reaches Britain.
| 9.296296 | 0.62963 | 0.925926 |
low
|
low
|
abstractive
|
http://fortune.com/2010/12/30/goldman-bonus-pool-looking-shallower/
|
http://web.archive.org/web/20150915040702id_/http://fortune.com/2010/12/30/goldman-bonus-pool-looking-shallower/
|
Goldman bonus pool looking shallower
|
20150915040702
|
The days of the $500,000 average paycheck are long gone, even at Wall Street’s most gilded firm.
So predicts a report issued Thursday by Credit Suisse analyst Howard Chen. He slashed his fourth-quarter earnings estimate on Goldman Sachs GS to $3.70 a share from $5.08, citing its latest soft trading quarter and higher non-compensation expenses.
“Due to persisting choppy market conditions and our expectations for a weaker finish to 2010 for fixed income sales & trading, we reduce our forward estimates,” he wrote in a note to clients.
Chen continues to rate the stock buy, thanks in part to what he calls “continued expense discipline” at the firm. He expects Goldman to set aside a little more for pay and perks this year than last, but to be far thriftier on that front than it has for most of its public history.
He estimates the firm will devote 40% of 2010 revenue to cover employee-related costs. That would bring the firm’s compensation expense for the year to $15.8 billion, or around $446,327 for each of the firm’s 35,000 or so employees as of September.
That compares with the $498,000 average the firm arrived at last year, after an unusual year-end bonus pool reduction, and the $662,000 peak the Goldman payout reached in the bubble year of 2007.
Strong results in the first half of 2010 helped launch Goldman on what looked like a track for a return to a $500,000-plus average payout. But the firm suffered along with Morgan Stanley ms and the rest of Wall Street in a summer trading slowdown, and execs presumably remain loath to bring on any more bonus rage than is necessary.
Chen isn’t the only one who sees Goldman paying less. David Hilder, an analyst at Susquehanna who also rates Goldman stock buy, predicted last week that Goldman would set aside 39.5% of 2010 revenue aside for employee pay. That’s up from last year’s 36% but remains the second-lowest figure in the decade or so since the firm went public.
Goldman shares were flat Thursday and are down less than 1% for the year.
|
The days of the $500,000 average paycheck are long gone, even at Wall Street’s most gilded firm. So predicts a report issued Thursday by Credit Suisse analyst Howard Chen. He slashed his fourth-quarter earnings estimate on Goldman Sachs to $3.70 a share from $5.08, citing its latest soft trading quarter and higher non-compensation expenses. “Due…
| 5.957143 | 0.985714 | 21.5 |
low
|
high
|
extractive
|
http://www.theguardian.com/artanddesign/2008/aug/26/architecture
|
http://web.archive.org/web/20150916202546id_/http://www.theguardian.com/artanddesign/2008/aug/26/architecture
|
Portrait of the artist: Jean Nouvel, architect
|
20150916202546
|
What was the first building that inspired you?I was 15 when I saw the Sainte-Chapelle cathedral in Paris. It made me aware for the first time of the strong emotional link between light and architecture. Ever since, I've been interested in the games architecture can play with light and shadow.
What was your big breakthrough?Designing the Arab World Institute in Paris between 1981 and 1987. I wanted the building to explore my interest in the relationship between geometry and light. It was the first work to bring me international attention.
What advice would you give a young architect?Travel and see the world. But I don't like giving advice: I think that every artist has to find their own attitudes and convictions.
What have you sacrificed for your art?The most difficult thing is trying to balance my job with my private life; it requires a lot of energy, and time spent away from home. But I have managed to find a way through it without sacrificing my artistic ideals.
What's the worst thing a critic has ever said about your work?The general reaction of French critics to my Arab World Institute was pretty negative. The building wasn't "modern" in the traditional French way, but it wasn't "postmodern" either. So they didn't seem to know what to make of it.
Do bad reviews upset you?Yes. I was unhappy to see Le Monde react badly to the Arab World Institute, because in France it is the paper that is supposed to tell the truth. But I don't mind controversy - I try in my work to criticise the status quo.
What song would feature on the soundtrack to your life?My parents were both teachers who believed that mathematics was more important than music, so I lack musical education. But I love religious music, such as Gregorian chants. The human voice is the most wonderful instrument there is.
Which other living artist do you most admire?The conceptual artist Daniel Buren. Too many contemporary artists work directly to commissions from museums and galleries. I prefer the work of artists like Buren, who create site-specific works that consider the relationship between art and space.
Is there anything about your career you regret? Not becoming a painter or sculptor. My parents refused to pay for me to study to become an artist, so I studied architecture instead. But my first major job was as architect for the Paris Biennale in the 1970s. It allowed me to work very closely with artists, and partly made up for that sacrifice.
Career: Studied at the Ecole des Beaux Arts in Paris. Major buildings include the Arab World Institute and the Fondation Cartier in Paris, and the Opera Nouvel in Lyon. Winner of the 2008 Pritzker prize. An exhibition he curated in honour of the artist César is at the Fondation Cartier, Paris (+33 (0)1 42 18 56 50), until October 26.
|
'I regret not becoming a sculptor - my parents refused to pay for me to study art'
| 29.210526 | 0.894737 | 5 |
medium
|
medium
|
mixed
|
http://www.sfgate.com/49ers/article/Steelers-Brown-will-be-handful-for-49ers-6512928.php
|
http://web.archive.org/web/20150918152550id_/http://www.sfgate.com/49ers/article/Steelers-Brown-will-be-handful-for-49ers-6512928.php
|
Steelers’ Brown will be handful for 49ers’ cornerbacks
|
20150918152550
|
Photo: Winslow Townson, Associated Press
Wide receiver Antonio Brown had nine receptions for 133 yards and a score in the Steelers’ opener against the Patriots.
Wide receiver Antonio Brown had nine receptions for 133 yards and a...
Steelers’ Brown will be handful for 49ers’ cornerbacks
Pittsburgh’s Antonio Brown was the 22nd wide receiver selected in the 2010 draft, and the wideouts picked directly before him are a stunning who’s-that trio: Ever heard of Dezmon Briscoe, Carlton Mitchell or Kerry Meier?
Brown offers yet another reminder that scouting college players is an inexact science. Brown hasn’t reached the level of the league’s most famous sixth-round pick, Tom Brady, but he’s on a similar trajectory entering the 49ers’ visit to Heinz Field on Sunday.
This week, Brown was asked why he thought he was the 195th selection five years ago.
“I went to Central Michigan, Mid-American Conference,” Brown said. “It probably could have been my size. It don’t matter. It’s not where you start. It’s how you finish.”
It appears that Brown, 27, will finish his just-getting-started career with quite a flourish.
Since 2013, Brown (5-foot-10, 181 pounds) leads the NFL in receptions (248) and receiving yards (3,330) and has scored 21 touchdowns. Last year, he had the sixth most receptions in NFL history (129) and the sixth most yards (1,698).
He will arrive Sunday having at least five receptions and 70 receiving yards in 19 straight games, an NFL record.
So how has the little man with just OK speed (4.48-seconds in the 40-yard dash) done it?
Steelers head coach Mike Tomlin said sweat is the secret to his success. Brown races to the end zone after each catch in noncontact practices. Twice a week during the season, after a full day at the team facility, he heads to a local gym for another workout.
“I think probably the most defining thing about him is his approach to work,” Tomlin said. “He’s as hard a worker as we’ve had in the nine years that I’ve been here on a day-in, day-out basis. I think that’s his calling card. Often ... I describe him as a better worker than player. I mean it.”
On Sunday, both 49ers starting cornerbacks, Tramaine Brock and Kenneth Acker, could see plenty of Brown, who moves around the field. In a season-opening 28-21 loss at New England, Brown lined up on the right side on 19 snaps, the left side on 14 and had 10 snaps in the slot, according to Pro Football Focus.
Like Brown, Acker is a sixth-round pick. He made his NFL debut Monday.
“They’re doing some positive things,” Brown said of the 49ers’ corners. “I’m studying those guys this week and looking forward to a great matchup.”
Parting with RB: The 49ers reached an injury settlement with running back Kendall Hunter, meaning their 2011 fourth-round pick is a free agent.
Hunter, 27, who is 14 months removed from a torn ACL, was placed on injured reserve Sept. 5. After sitting out the start of the exhibition season, he had 36 yards on 17 carries in the final two preseason games.
Hunter, who also suffered a torn Achilles tendon in 2012, played in just 16 of 37 games from 2012 to ’14. He has 1,202 rushing yards, has averaged 4.6 yards a carry and has scored seven rushing touchdowns in his career.
Eric Branch is a San Francisco Chronicle staff writer.
|
Pittsburgh’s Antonio Brown was the 22nd wide receiver selected in the 2010 draft, and the wideouts picked directly before him are a stunning who’s-that trio: Brown hasn’t reached the level of the league’s most famous sixth-round pick, Tom Brady, but he’s on a similar trajectory entering the 49ers’ visit to Heinz Field on Sunday. Since 2013, Brown (5-foot-10, 181 pounds) leads the NFL in receptions (248) and receiving yards (3,330) and has scored 21 touchdowns. Last year, he had the sixth most receptions in NFL history (129) and the sixth most yards (1,698). The 49ers reached an injury settlement with running back Kendall Hunter, meaning their 2011 fourth-round pick is a free agent. Hunter, 27, who is 14 months removed from a torn ACL, was placed on injured reserve Sept. 5. After sitting out the start of the exhibition season, he had 36 yards on 17 carries in the final two preseason games. Hunter, who also suffered a torn Achilles tendon in 2012, played in just 16 of 37 games from 2012 to ’14.
| 3.2287 | 0.964126 | 23.663677 |
low
|
high
|
extractive
|
http://www.theguardian.com/artanddesign/2014/may/10/artworks-for-sale-online-gallery-market-talent/amp
|
http://web.archive.org/web/20150918193819id_/http://www.theguardian.com/artanddesign/2014/may/10/artworks-for-sale-online-gallery-market-talent/amp
|
Artworks for sale online: it's a booming way to gatecrash the elite gallery world
|
20150918193819
|
The world wide web is frequently cast as the great enemy of traditional culture, undermining the music industry, the film industry and publishing. Yet one form of art has now found a way through – perhaps even a way to thrive – and provide careers for artists of the future. The visual arts are booming online.
This is the claim of a growing number of virtual art galleries, backed this spring by an annual survey of the fine art market. The survey shows the value of the online trade is now around £1.57bn and is likely to more than double by 2018. Experienced art collectors and newcomers are both increasingly using websites to find original contemporary works and ordering them for delivery like furniture. There is no need to go to a gallery or deal with frosty gallery owners. Instead, art can be viewed, paid for and returned if it does not match expectation.
"We have reached a tipping point," said Osman Khan, co-founder of New York-based Paddle8 online auction site. "People feel more comfortable with the experience of buying expensive things online." In January, Rebecca Wilson, chief curator and director of artist development for Saatchi Art, moved to Los Angeles from London to work full time on the website's projects. She agrees that the business has taken off.
"We have been playing around with this and now seems the right time," she said. "Young people have a sense they can be involved in a world that even five years ago would have seemed pretty intimidating. I find it intimidating to go into some galleries and I have worked in the art world for 10 years. So if you can find a site with the right environment with a name you can trust, it is very appealing."
Online galleries are also an easier way to spot emerging talent. "There was a tremendous amount of great new art being sold at charity auctions, but unless you were on that small circuit of buyers invited to those events you were never going to see it," said Khan, who runs regular online charity auctions.
The research, by the British fine art insurer Hiscox, found that while traditional galleries will survive, younger and first-time buyers are drawn to online sites. The report, based on a survey of 506 international art buyers, pinpointed limited edition prints as a common first purchase, while almost half the buyers surveyed had spent more than £10,000 collecting online.
Key sites include ArtFinder, Art Space, Counter Editions, Artsy, Art Gallery, New Blood Art and Eyestorm, while London auction house Christie's also has an online auction site. A new gallery on the virtual block, Artful, has been set up by Joshua Blackburn and curator Rachel Hotchkiss to offer web browsers the chance to buy photographic art.
"The idea is to make great art available to a far broader audience," said Blackburn. "I get so excited about the different ways in which this works. "Ours is the kind of place you could spend £75, as you might once have done in John Lewis or at Ikea, yet get something original. In publishing and in music there is a concern the web will rip the bottom out of the market, but art can't lose value in that way. The web is taking art to a new market and change is happening at the top and at the bottom ends of the price spectrum."
Independent art adviser and academic Lisa Schiff acknowledges that the art world has entered a new era, but believes there are certain things the online experience can never deliver: "I don't think it is ever going to take away the traditional gallery market because buyers need context. A few pieces have sold online at very high prices, but we are not robots and still need to see each other and talk about big purchases."
Yet, according to Wilson, the limited, privileged cocoon of the international art market has been cracked open. "Historically the art world has catered for a very small number of people," she said. "It has been run in their own interest to a certain extent. They knew the more people who were in that world, the more difficult it would be to keep control." Saatchi's online gallery now features artists from 100 countries and has collectors in 80 countries.
Wilson and Blackburn both agree that the transformation is not only broadening the art market geographically, it is creating a new path for artists. "When I was last in London I had an artist crying with joy because he had given up his last part-time job to concentrate on his art," said Wilson. "We are giving new artists the chance to earn a living. Some can even earn up to £100,000 a year."
"It is really exciting for the artists," said Blackburn. "Twenty years ago they simply could not sell anything. Now they have a route to the market that bypasses all that."
Last year Amazon launched its own art portal and eBay now has a rival platform. Large contemporary art galleries are beginning to sell smaller works and limited editions online, with Gagosian offering a "click and buy" option and Hauser & Wirth setting up a shop webpage, which redirects you to a conventional gallery hotline. White Cube, the home of Damien Hirst's work, has had a similar online "shop" for some time.
Innovative approaches are multiplying. Last month the online gallery Light Space & Time announced one of its regular monthly online art competitions, inviting for the fourth time all artists working in 2D to offer up their "landscapes" for judging this month. The 10 finalists will be exhibited online in June.
Also announced last month was the birth of a new investment opportunity for art lovers. My Art Invest, based in Shoreditch, east London, is among the first in the world to offer visitors to its real world gallery a chance to buy shares online as they look at the work on the walls. Customers are handed an iPad as they arrive and can check the value of any shares they buy and trade with other people. Those who invest in a quarter of the shares of an artwork will be allowed to take it home for three months to hang on their own wall. Works on display at the opening included Banksy's Heavy Weaponry, at £120 a share.
And for those who find their wallets empty even before browsing art online, there is always the website showcasing all the public art work they already own, as a nation, digitised in 2012.
|
An expanding number of websites are now attracting young and first-time buyers and opening a new market for emerging talent
| 58 | 0.909091 | 2.272727 |
high
|
medium
|
mixed
|
http://www.cnbc.com/2014/05/30/bias-claims-for-insurers-in-coverage-of-hiv.html
|
http://web.archive.org/web/20150918230656id_/http://www.cnbc.com/2014/05/30/bias-claims-for-insurers-in-coverage-of-hiv.html
|
Bias claims for insurers in coverage of H.I.V.
|
20150918230656
|
Read MoreHackers are coming after your medical records
Representatives for all four insurers said their plans' H.I.V. drug coverage was in line with accepted medical practice and met requirements for coverage.
Karen Eldred, a spokeswoman for Cigna, noted that the company, like many other insurers, offers an array of plans in the federal marketplaces, including some that offer more comprehensive coverage.
A spokesman for Humana, Alex Kepnes, also noted that drugs for other diseases, like rheumatoid arthritis and multiple sclerosis, were also on a high payment tier.
Insurers have been asking consumers to pay more for the most expensive so-called specialty drugs, a trend that accelerated in the new marketplaces as insurers competed fiercely to keep premiums low. Patients with serious conditions, like cancer or rheumatoid arthritis, are finding that their pharmacy bills are skyrocketing.
Read MoreAs US honorsveterans, problems pile up at the VA
Advocates for people with other serious — and costly — medical conditions are likely to be watching this case closely, said Jennifer Kates, director of global health and H.I.V. policy at the Kaiser Family Foundation. If the federal office were to side with the patient advocates, "it would have broader implications because it would say this couldn't happen for those with diabetes, or any other kind of condition," she said.
The health care groups said what made this case different was that not every insurer placed such across-the-board restrictions on H.I.V. drugs.
"What is unique here is that it's every single drug, no matter whether it is generic or not," said Carl Schmid, deputy executive director of the AIDS Institute. "Other plans don't do this for H.I.V., and that's why we're proving that it's discrimination."
Other insurers offering silver plans in Florida's marketplace, including Florida Blue, Ambetter and Molina Healthcare, offered more generous coverage, with most out-of-pocket costs ranging from $10 to $25 a prescription, often after meeting a deductible, the groups said.
Mr. Schmid said many people with H.I.V. and AIDS welcomed the arrival of the new health care act because it meant they would have access to insurance after years of being shut out; before the law took effect, insurers could deny coverage to people with existing medical conditions like H.I.V. infection.
More from the New York Times:
U.S.Strategy to Fight Terrorism Increasingly UsesProxies SteveBallmer Agrees to Buy Clippers for $2 Billion DoctorShortage Is Cited in Delays at V.A. Hospitals
But he said some patients were shocked when, newly covered, they were asked to pay pharmacy bills of up to $1,000 a month, in addition to the premiums they were paying. Some popular drugs, like Truvada, sell for $1,500 a month. Another therapy, Atripla, costs $2,400 a month, according to recent prices posted on the website of the National Institutes for Health.
Under the new health care law, out-of-pocket costs cannot exceed $6,350 a year, and some people with H.I.V. and AIDS can receive assistance for out-of-pocket costs through the federal Ryan White Program. But help is limited to those whose income falls below certain levels, which vary by state, and the federal funding must be appropriated each year by Congress.
Of the more than 1.1 million people living with H.I.V. or AIDS in the United States, about 400,000 are receiving treatment, and of those, about 23,000 are uninsured and eligible for coverage in the new marketplaces, according to a recent study by the Kaiser Family Foundation. Some in the exchanges may also have been previously covered through individual plans, and thousands more could begin receiving treatment now that they have insurance.
But although these patents' numbers are small, insurers have most likely taken note of the costs associated with treating H.I.V. patients: in a recent study of the first two months of prescription-drug use by people enrolled in new exchange plans, H.I.V. drugs accounted for 55 percent of all specialty drug claims, compared to 21 percent of claims made through employer plans during the same period.
Read MoreUS FDA questions use of aspirin to prevent first heart attack
Mr. Turner said the groups took action partly to ensure that other plans did not follow in the footsteps of the insurers in the complaint.
"What we may be seeing is a race to the bottom," he said. "Plans don't want to be the preferred plan for people with H.I.V. and AIDS."
|
Health care advocates said on Thursday that four insurers offering plans in the new federal marketplace discriminated against people with H.I.V.
| 41 | 0.857143 | 1.619048 |
high
|
medium
|
mixed
|
http://www.theguardian.com/artanddesign/2011/mar/21/damien-hirst-gallery-kettles-yard
|
http://web.archive.org/web/20150918234903id_/http://www.theguardian.com/artanddesign/2011/mar/21/damien-hirst-gallery-kettles-yard
|
Damien Hirst and Anish Kapoor donate works to Cambridge gallery
|
20150918234903
|
Work by some of Britain's best-known 20th-century artists, including Damien Hirst, Anish Kapoor, Barbara Hepworth and Bridget Riley, has been donated by the artists, their estates or collectors to raise funds for an extension to Kettle's Yard, a small gallery and museum in Cambridge with an international reputation out of all proportion to its size. Hirst has donated a skeleton sculpture, St Avertin Syndrome Charity Spin, and work by Anthony Caro, Maggi Hambling, David Hockney, Antony Gormley, Mona Hatoum, Augustus John and Eric Gill is also included.
Kettle's Yard was the home of the late Jim Ede, a curator at the Tate in London who acquired a startling collection of contemporary work, including pieces by Henry Moore, Hepworth and many members of the St Ives school, as gifts from artist friends, or bought cheaply from their studios. He placed the paintings and sculptures among natural objects including driftwood, pebbles and shells, and kept open house every afternoon of the university term, guiding visitors around the works of art which filled every room of his home. One of the visitors was an economics student called Nicholas Serota, now director of the Tate, who has credited Ede with converting him to a life in the arts.
In 1966 Ede gave the house and all its contents to the university, and in 1970 an exhibition gallery was added, but a fuller expansion is now planned, including for the first time museum-quality shops, an education centre and a cafe.
All the donated works are for sale and are on display at the gallery until 8 May, in an exhibition entitled Artists for Kettle's Yard.
|
Top British artists – including Barbara Hepworth and Bridget Riley – contribute to fundraising sale at Kettle's Yard
| 16.736842 | 0.684211 | 2.052632 |
medium
|
low
|
mixed
|
http://www.theguardian.com/artanddesign/2009/dec/13/arts-bosses-school
|
http://web.archive.org/web/20150919004542id_/http://www.theguardian.com/artanddesign/2009/dec/13/arts-bosses-school
|
Arts bosses go back to school
|
20150919004542
|
A moving assembly – then a scream in year 13's art class
Tate director Nicholas Serota takes charge of Thomas Tallis school, London
Nicholas Serota is sitting on a small plastic chair in a school hall, facing a sea of expectant 11 and 12-year-olds in blue sweatshirts. The director of Britain's Tate galleries is stepping out of his comfort zone – becoming, for one day, the headmaster of Thomas Tallis school in south-east London. Assembly begins and he listens intently as teachers from Ghana, St Lucia and Malaysia tell poignant stories about their childhoods as immigrants to Britain. "It was," he says later, "incredibly moving."
If the 1,670 pupils at Thomas Tallis – a specialist arts college in a deprived area of London that's just been christened a "national school of creativity" by Arts Council England – are surprised to find one of the country's top curators in charge for the day, they don't show it. This may be because their usual headmaster, Rob Thomas, is hovering in the background, showing Serota the ropes.
The men are taking part in a series of job swaps organised between headteachers and arts leaders by the Culture and Learning Consortium (an umbrella group of arts funders). Earlier this year, it published a report saying cultural organisations, such as galleries and theatre companies, should work more closely with schools, in order to get more creativity on the curriculum. Serota is here to see how he can make this happen.
Strolling through the narrow corridors, he pauses at some brightly coloured collages on the theme of the 2012 Olympics: the pupils were divided into 57 groups, each representing a country, and had to put together a bid to host the games for that nation. Many children chose countries their families originally came from. Serota has reason to pay attention – he's on the board for the 2012 Cultural Olympiad. "It makes me conscious," he says, "of the tensions that exist in people's identity. Are they going to be cheering when a gold medal goes to someone who's ostensibly British, or are they going to be really thinking about Jamaica, or Bangladesh?"
Next on the timetable is a year 13 art class. Fascinated, Serota moves around the room, stopping to ask one student, who is painting a woman screaming in agony, if he's familiar with Francis Bacon; and to see if another, creating a photomontage of a street scene, knows the work of Jeff Wall. The answer, in both cases, is no. The whole experience, says Serota, is a bit like entering an artist's studio: "You go in and you're looking at something you've never seen in your life before. You have to tune in really quickly."
A meeting with the pupil-led Creativity Action Research Group, set up to explore how teachers and students can make lessons more creative, follows. Serota works hard at drawing out the quieter students. "Like in Tate meetings," he says, "sometimes the quiet ones have the best ideas." Then, after tea and biscuits in the crowded staff room, and a tense meeting with a pupil about behavioural issues, he's interviewed by Tallis TV, the school's very own TV station, and drops in on a year 8 lesson in internet technology. "We did not," he says, "have anything quite like this at my old school."
Serota is not called on to issue any detentions and, when the bell rings at the end of his command, he seems to have enjoyed himself. "The great thing about teaching," he says, "is stimulating young people's curiosity. It reminds me of some of the best moments I have – working with younger curators who haven't had it all beaten out of them." Has going back to school taught him anything? "I need to get out of my office and into the gallery. I need to get to know my staff better." Laura Barnett
'We think this is boring. So go crazy. Show us what you can do'
Rob Thomas, headmaster of Thomas Tallis school, takes over the Tate
In a small meeting room overlooking Tate Britain's elegant entrance, a team are unfolding a guide to the organisation's vast website. Made of several dozen pieces of paper held together precariously by sticky tape, it looks a lot like a school project – the sort of thing that Rob Thomas, headmaster of Thomas Tallis, is very familiar with. And he wouldn't give this one good marks. "It looked quite funny," he says later. "Our pupils would be a bit more advanced than that."
Although he and his pupils do visit Tate Britain and Tate Modern, Thomas knows he can't rival Nicholas Serota's art expertise. So, for his first appointment as Tate director for a day, he's sticking to what he knows: bringing in his own pupils to help Tate make its website, well, funkier. They begin with the site's pages on The Kiss by Rodin. "The problem," says Sharna Jackson, Tate Kids editor, "is that these are just boring. Go crazy. Show us what you can do." The kids promptly pull the pages apart, demanding a comment forum, colours that feel less "angry" and "sad", as well as a 360-degree, Matrix-style view of Rodin's sculpture.
Meanwhile, Serota talks Thomas through one of his job's less enviable moments. In September, police urged that a part of Richard Prince's exhibit, featuring a photograph of a naked, 10-year-old Brooke Shields, be removed from Tate Modern's Pop Life exhibition. The gallery did so, a decision that earned it an unfavourable and, in Serota's view, irritatingly inaccurate newspaper article. Thomas recognises this kind of fire-fighting. "A lot of the issues I face around student well-being involve negotiating with the police and social services. Like Nick, I need to be skilled in diplomacy."
Thomas takes a taxi to Tate Modern. First stop is the cavernous Turbine Hall, dominated by How It Is, a 13-metre-high steel container by Polish artist Miroslaw Balka. Thomas follows Serota inside it, groping blindly in the dark. "It just got blacker and blacker," he says afterwards, somewhat relieved. It reminds him of Eye for an I, an installation made by his A-level pupils. "You went into a box, with letterbox-size slits around the wall, through which you could see students' eyes, expressing different emotions. Like this, it was about going into the unknown."
Lunch takes place in the seventh-floor restaurant. The stunning view across the river to St Paul's is, Thomas admits, nicer than the one from his school canteen. Summing up his day, he says: "I could see that Nick and the Tate really want to engage younger people, when traditionally that hasn't been the case. They make an effort to listen, which is what we do at school. It's about mutual respect. Once you build that, it works both ways." LB
The new headmaster sneaks out for a smoke
Michael Boyd, artistic director of the RSC, at Queensbridge school, Birmingham
"Good morning," says the new boy. "My name is Mr Boyd and I'm taking over from Mr Boyes as your headteacher. It isn't a very big change when you think about it – just one letter really."
Michael Boyd, the artistic director of the Royal Shakespeare Company, is taking assembly at Queensbridge school in Moseley, an inner-city area of Birmingham with a predominately Muslim population. The day began with the 8am staff meeting at which Boyd (not so used to these early starts) encouragingly promised not to let the school run off the rails. He certainly has a lot to live up to: in 2006, Queensbridge was named Birmingham's most improved school, and held up as a model of arts teaching.
"I can see I'm going to need a crash course in acronyms," says Boyd, reading his schedule, which tells him he has an "SEN meeting with NQTs". But first, there's a question-and-answer session with a year 10 class, who get right down to business: how many GCSEs has he got? "Blimey – I can't remember," Boyd replies. "I think I did all right. But I didn't take drama. The fanciest one I did was Russian."
The children go rather quiet when Boyd brings up the subject of Shakespeare, but then he has an inspired thought. "Who likes hip-hop?" he asks. Hands shoot up. "Who writes lyrics?" More hands. "Are they in rhythm? Do they rhyme? Then you're ready for Shakespeare." And suddenly everything clicks; the class even concludes with inquiries about how to get a job at the RSC. "Write in," Boyd says. "Tell me you're a genius and I need you badly."
The school already has one genius-in-the-making: Fahad Malik, aged 16, who earlier this year impressed Boyd by standing on stage at Stratford and reciting lines from Romeo and Juliet as part of the RSC's Shakespeare birthday celebrations. "It was wicked," Malik recalls. "I showed Sir Donald Sinden how to moonwalk." Was he any good? "Not really – cos he's got a stick."
What has Boyd learned? "The importance of working within a strong ensemble," he says. "A successful school, like a successful theatre company, is a community united around a single vision. You're only as good as the people around you."
There are more classes, back to back, but by mid-afternoon there's one obligation Boyd can put off no longer. For 10 minutes, Queensbridge is leaderless as the headmaster leaves the premises – for a smoke. Alfred Hickling
The day I had to give acting tips to Victor Meldrew
Tim Boyes, headmaster of Queensbridge, takes charge at the RSC
Tim Boyes would usually be in his office by 7.30am. Taking charge of the Royal Shakespeare Company means that, for once, he can have breakfast with his family. Theatre companies have a more leisurely start, although the working day will end at around 11.30pm, after Richard Wilson makes his RSC debut as Malvolio in Twelfth Night. ("I spent the whole day unsettled by the fact that I was supposed to give Victor Meldrew notes," says Boyes later.)
The headmaster of Queensbridge is met at the RSC's Stratford offices by Liza Frank, his PA for the day. First question: does Boyes share his opposite number's 40-a-day habit? (It seems everyone at the RSC is curious to know how Michael Boyd can survive a whole day in a school, where smoking is forbidden.)
Boyes is taken aback by the artistic director's desk: there's no computer, only a copy of Julius Caesar. Boyes, who carries a laptop at all times, feels "envious of someone who lives in a world which allows time and space for creativity". His first task is an inspection of the £150m rebuild of the Royal Shakespeare theatre, followed by a meeting in which the main topic is how its ushers should dress: too formal and they will look airline cabin crew. Boyes knows a thing or two about public perception – one of his first measures at Queensbridge was banning hoodies.
Things seem to be going well. "I would never have an uninterrupted day," says Boyes happily towards the end of morning. "There would always be a crisis of some kind." As if to prove the point, developments back at Queensbridge mean he has to spend his lunchbreak firing off urgent emails, for which a computer has to be found and then installed in Boyd's office.
The afternoon is spent supervising education workshops. Queensbridge is among a select group of schools with which the RSC maintains a three-year relationship. "That's the same length of time as an actor's contract in Stratford," Boyes explains. "Michael and I share the view that it takes that amount of time to establish something of lasting value."
Boyes's day confirms his belief that the arts have a vital role to play in education. "Standing in the RSC's workshop, amongst armourers, carpenters, props specialists and wig-makers, it occurred to me that if you could expose even the most reluctant student to this, they could not fail to learn something. With the establishment of trust schools and co-operatives, the soul of education is up for grabs. Who would we rather was setting the agenda in our schools? Businesses? Faith groups? I prefer to think that creative organisations like the RSC might provide the model for inspiring our children." AH
What experience do I have? Well, I once played a tree . . .
Tony Hall, director of the Royal Opera House, takes over Grays school in Essex
"I love you, mum," says the girl on stage. "Even though you didn't remember my birthday, even though you never call. 'Cos you're my mum. I'll always love you." It's a tear-jerking performance and Tony Hall, director of the Royal Opera House, is visibly moved. Other members of the audience are wiping away tears.
This isn't a night at the Royal Opera House, however. It's a weekday morning at the Grays School Media Arts College in Thurrock, Essex, and the monologue is being performed by a year 11 pupil. "I was hooked," says Hall, when the drama teacher asks Hall for feedback. "Right from the start."
Next, year 11 get to quiz their head-for-a-day. "What were your main parts on the stage?" a boy asks. "Erm, I think I was a tree in a primary school play once," Hall says, adding that he came to arts management after a career in journalism. "Being in the arts is a lot more than just being on stage. What happens backstage is every bit as creative."
Some of the kids had a taste of the arts, on stage and backstage, in a Covent Garden production earlier this year called On the Rim of the World. Its actors were schoolchildren from Essex, who also took care of backstage tasks, including designing and creating the sets and costumes. It was a project close to Hall's heart, part of a bigger plan to move ROH's production operation, from set-building to scene-painting, to Thurrock next year. So Hall has a vested interest in enthusing the local kids not only about the on-stage elements of opera but the backstage ones, as well.
"I was lucky enough to get scholarships to independent schools, which gave me wonderful opportunities, but this school hasn't got these advantages," says Hall. "It's an Essex comprehensive that's only recently come out of special measures. That doesn't mean the pupils are less talented, or deserve less." Later, on a board of year 10 artwork, he spots a poster made by a girl who was involved in On the Rim of the World. "I've worked with the Royal Opera House," it reads. "I can put ROH on my CV now – how good is that?" Hall grins from ear to ear; that's made his day.
At Covent Garden, he's constantly aware of the need to woo audiences. Grays, he thinks, could do more in that area. "Schools traditionally haven't spent anything like as much time as arts organisations on thinking about their image. But Grays has loads of strengths, and it needs to be out-there about them." What's the first thing he would change? "I'd do something about the entrance area, which isn't very inspiring. You need to make a big impact right from the start." Joanna Moorhead
A canteen encounter with Carlos Acosta
Lynn Ibeji, head of Grays school, takes charge of the Royal Opera House
Lynn Ibeji is enjoying the view from Tony Hall's office. But as she looks out over the rooftops at Covent Garden, her mind is on much more down-to-earth matters. As the Royal Opera House's boss for a day, Ibeji is grappling with a subject she is very familiar with: perception. How do you persuade all those people out there that the place where you work isn't all the things they think it is?
Usually when she ponders such things, Ibeji's focus is on Grays and her battle, as its head, to chip away at its reputation as a failing school, an image that persists even though it has now come out of special measures. Today, the institution in question is the ROH, and the perception that it's elitist, interested in attracting wealthy audiences.
One solution is to open the doors and invite the sceptics in to see for themselves. So today the ROH is doing just that. Ibeji is invited to take a tour; along the way, there are glimpses of events to which teachers and community groups have been invited. "It's a good idea – to get people in who wouldn't normally see the place from the inside," she says. "We ought to do more of it at Grays." All the same, she says, as a teenager she spent time at the ROH, and it didn't give her a lifelong passion for opera – she prefers plays.
Ibeji is impressed by the swishness of the surroundings, all that red velvet; even the staff-only areas have a luxuriousness unknown in most secondary schools. It would be wonderful, she says, to provide her 160 staff and 900 pupils with better spaces in which to work and chill out. She might not be able to turn Grays into a night at the opera, but she has a scheme to give it a sculpture garden; there's even talk of involvement from artist Antony Gormley.
At lunch, in the staff canteen, Ibeji finds herself sitting near the world-famous Cuban dancer Carlos Acosta ("It's good to see that he eats in here with the rest of us," says her ROH minder admiringly). But Ibeji refuses to get too overawed by this glitziness: she's old enough to remember the "really bad patch" at the ROH a decade ago.
"If national arts organisations were put into special measures, as schools are, that's where they'd have been in 2000," she says. "But the thing to remember is the ROH came back from that – because it had enough people who were passionate and dedicated. That's quite inspirational to us, because it's where we are now – pulling a school up after special measures is a tough task. It requires a lot of dedication, passion and commitment. But, just as happened here at the Opera House, it absolutely can be done." JM
|
What happened when the Tate's director went back to school? We follow three of the country's top arts bosses as they swap places with headteachers for a day
| 121.870968 | 0.870968 | 1.967742 |
high
|
medium
|
mixed
|
http://www.theguardian.com/artanddesign/2012/may/18/constructive-criticism-architecture-landmark-trust/amp
|
http://web.archive.org/web/20150919192642id_/http://www.theguardian.com/artanddesign/2012/may/18/constructive-criticism-architecture-landmark-trust/amp
|
Constructive criticism: the week in architecture
|
20150919192642
|
In the past year, Alain de Botton's Living Architecture initiative has made its name as a modernist alternative to the Landmark Trust, which offers holidays in historic buildings. But now the Landmark Trust is fighting back. The preservation-minded body is usually associated with stays in quirky spots, from pineapple-shaped follies to fabulous old forts, but now it has a brand new building in its portfolio. Well, sort of. Astley Castle in Warwickshire is a bit of both really: a new dwelling built within the ruins of a 1,000-year-old castle. More of a fortified manor house, the castle was extended again and again over the centuries, eventually becoming a hotel before it burned down in 1978. Previous residents included Elizabeth Woodville (wife of Edward IV, mother of the princes in the tower) in the 15th century, and Lady Jane Grey (the nine-day queen) in the 16th.
In something of a first, a new four-bedroom holiday home has been built inside the ruins, in a way that respects the existing structure without imitating it. The new design, by Witherford Watson Mann architects, holds the thick walls of the ruin together but uses a robust, contemporary language of concrete, brick and wood. Rather than putting the original building's history "at arm's length", say the architects, their approach engages with it: the finished building will retain a ruin-like quality (with all mod cons, of course). The project started in 2006, so it's not really a response to Living Architecture, but the result promises to be dramatic when it finishes in July.
Another conversion, of sorts, reaches completion on Saturday with the opening of the new Photographers' Gallery in Soho, London, more than a year late after funding difficulties. The architects are O'Donnell & Tuomey, whose An Gaelaras cultural centre in Derry was shortlisted for the Stirling prize last year. They've expanded the red-brick Victorian warehouse by slotting a two-storey black box on top, turning it into a building worth pointing your Hipstamatic app at. There'll be a cafe and bookshop on the ground floor, of course, and upstairs the first exhibition will be Edward Burtynsky's Oil series, which documents how one commodity changed the landscape.
The week after Rem Koolhaas made his cameo on The Simpsons by creating a Lego model of his CCTV building in Beijing, the real thing is finally finished. You could be forgiven for thinking the Chinese state broadcaster's HQ opened years ago. The unmistakable 50-storey folded skyscraper has hogged the architectural airwaves, and even been lauded as the greatest piece of 21st-century architecture by the New York Times. But it suffered a major setback last year when its adjacent, less glamorous sister building, known as TVCC, caught fire, possibly as a result of overzealous Chinese New Year celebrations. Now CCTV is up and running, all set to broadcast the London Olympics, re-runs of the Simpsons, and egregious state propaganda.
So protracted was CCTV's creation, its project architect Ole Scheeren has had time to leave Koolhaas's OMA practice and set up on his own. His Buro-OS is based in Beijing and Hong Kong, and has a number of projects in the region, including an arts centre in Beijing and a striking office tower next door to Kuala Lumpur's Petronas Towers. He also designed a fantasy floating cinema in Thailand a few months ago, for a bash curated by Tilda Swinton and Apichatpong Weerasethakul. Having dated actor Maggie Cheung for the past few years, Scheeren's clearly moving in elite movie circles. So take that with your measly Simpsons, Rem!
Finally, having started with a 1,000-year-old ruin, here's the last word in ephemeral building materials: bubbles. It doesn't sound possible, let alone advisable, but Dutch practice DUS have just finished showing their wonderful Bubble Building at Rotterdam's International Architecture Biennial. On the downside, the pavilion doesn't last very long; on the upside, it takes no time to build. Visitors can do it themselves, in fact. All they have to do is pull up a series of metal wands from pools of bubble liquid on the ground in one co-ordinated movement and there you have it: an instant building, delightfully wobbly and reflective, very short lived, and different every time.
As well as being fun street art, the Bubble Building fits the Biennial's Making Cities theme: civilisation's ceaseless acts of building and rebuilding condensed from millennia into minutes. DUS even has a manifesto (Rule 13: Confuse). In the past, they've created a Buckminster Fuller-ish pavilion out of umbrellas, which they erected illegally in the street one night and held a party in. They've also utilised woven bicycle inner tubes and once built a temporary hotel out of recycled plastic bags filled with sand, which they put up (again without permission) around Dutch cities. "Its architecture was impermanent," they say, "but it remains in the memory of those who were there."
In other words, it complies with rule 18: Build mental monuments.
|
Steve Rose: The ruined castle that was home to Lady Jane Grey hits the holiday market, Rem Koolhaas's TV colossus opens for propaganda, and some Dutch architects blow bubbles
| 30.151515 | 0.69697 | 1.121212 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/07/22/reuters-america-update-3-brazil-slashes-fiscal-surplus-goal-as-downturn-hits-revenues.html
|
http://web.archive.org/web/20150920071305id_/http://www.cnbc.com/2015/07/22/reuters-america-update-3-brazil-slashes-fiscal-surplus-goal-as-downturn-hits-revenues.html
|
UPDATE 3-Brazil slashes fiscal surplus goal as downturn hits revenues
|
20150920071305
|
(Adds change in targets and spending cuts, Levy and analyst comments)
BRASILIA, July 22 (Reuters) - Brazil dramatically lowered its fiscal savings goals for 2015 and 2016 on Wednesday, due to plunging tax revenues, and announced new spending cuts to underscore its commitment to austerity amid a steep economic downturn.
The government cut its primary surplus goal for this year to 8.7 billion reais or 0.15 percent of gross domestic product from 66.3 billion reais, the equivalent of 1.1 percent of GDP, originally budgeted.
The primary surplus, or revenue available to meet interest payments on debt, is closely watched by markets and credit rating agencies as a gauge of a country's capacity to repay its debt. The agencies have warned they may further downgrade Brazil, a move which could undermine investor confidence and raise borrowing costs.
The steeper-than-expected cuts in the primary surplus targets could complicate President Dilma Rousseff's bid to regain the confidence of investors as Latin America's largest economy heads into its worst recession in 25 years.
"The target revision should not be taken as a sign that we are abandoning the fiscal adjustment," Finance Minister Joaquim Levy told reporters in a presentation. "We are committed to fiscal discipline."
The government cut its 2016 primary surplus goal to 0.7 percent of GDP from 2 percent and to 1.3 percent for 2017.
Until a few years ago Brazil maintained primary surpluses above 3 percent of GDP as tighter spending controls and a commodities bonanza filled public coffers.
That changed when Rousseff took office in 2011 and granted billions of dollars worth of tax breaks to businesses in a failed attempt to restart a stagnant economy.
Levy said additional budget cuts of nearly 9 billion reais for this year were proof that fiscal belt-tightening is here to stay, despite political pressure to ease the adjustment.
Rousseff is struggling with record-low popularity as the economy tanks and a widening corruption scandal at state-run oil giant Petrobras nears her inner circle of advisers. She is also facing a rebellious alliance in Congress that has watered down many of her cost-cutting measures.
The government acknowledged that it was prepared to slash the savings goal further if revenues continue to disappoint.
"My take is that it will be an eye opening call about severe difficulties in the fiscal front," Alexandre Schwartsman, a former central bank director, said in note. "Nothing good can come out of it."
With the target revisions the government now estimates that Brazil's gross debt-to-GDP ratio will only start to fall by 2018 given the weaker fiscal results.
Levy, a University of Chicago-trained economist and known fiscal hawk, was initially resistant to lowering the 2015 target because he feared it could send markets the wrong signal about the governments' commitment to fiscal adjustment.
In May, the government vowed to cut 70 billion reais in expenditures to restore its credibility with investors.
($1 = 3.1741 Brazilian reais)
(Additional reporting by Silvio Cascione; Editing by W Simon and Tom Brown)
|
BRASILIA, July 22- Brazil dramatically lowered its fiscal savings goals for 2015 and 2016 on Wednesday, due to plunging tax revenues, and announced new spending cuts to underscore its commitment to austerity amid a steep economic downturn. The agencies have warned they may further downgrade Brazil, a move which could undermine investor confidence and raise...
| 9.688525 | 0.967213 | 28.508197 |
low
|
high
|
extractive
|
http://www.cnbc.com/2014/10/15/theres-no-whining-in-the-sippy-cup-business.html
|
http://web.archive.org/web/20150922115059id_/http://www.cnbc.com/2014/10/15/theres-no-whining-in-the-sippy-cup-business.html
|
There’s no whining in the sippy cup business
|
20150922115059
|
"Even though we were working 16 hours a day for the next 20 days, we were not allowed to whine about it or cry about it, because as a small business, that's what you dream for," Mark Lim said. "We dream about those times when you're like, 'I'm so slammed, I need to get this out' and to finally have it happen was a dream come true." Still, just because they didn't do any whining doesn't mean the urge wasn't there.
"It was hard," he said. "Trust me, I wanted to whine a lot."
Now called Lollaland, this startup has expanded beyond the cup, and now it also makes fun, innovative baby products. But former high school chemistry teacher Hannah said that the entire "Shark Tank" experience was a chaotic and humbling whirlwind.
Read MoreLiddup takes the light-up cooler beyond the tank
"This was all new to me," she said. "Our friends had told us about this amazing show for entrepreneurs. We were three months into business and my husband and I…noticed there was a casting call in our area the next day. We lined up child care for 6 a.m., stood in line for the casting call from 7."
Needless to say, they made it onto the show. And while it was all exciting and new, she said that the most surprising part of the experience was how real reality TV is.
Read MoreHow all five sharks took bait, invested in BuggyBeds
"You sometimes hear that it's scripted or funny things like that, but…we literally walked through that hallway, stood in front and then were just hounded and grilled and asked these questions," she said. "It was probably the most intense 90 minutes of negotiation that we did."
|
Lollaland had to ramp up their business quickly after getting a deal on "Shark Tank." Good communication and a no-whining policy helped a lot.
| 12.133333 | 0.6 | 1.066667 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/16/reuters-america-update-1-microsoft-and-yahoo-amend-search-deal.html
|
http://web.archive.org/web/20150923001942id_/http://www.cnbc.com/2015/04/16/reuters-america-update-1-microsoft-and-yahoo-amend-search-deal.html
|
UPDATE 1-Microsoft and Yahoo amend search deal
|
20150923001942
|
April 16 (Reuters) - Microsoft Corp and Yahoo Inc amended a 2009 search partnership, giving Yahoo more control over how search results are displayed on desktops and mobile devices.
The 10-year search partnership, crafted by former Microsoft CEO Steve Ballmer and former Yahoo CEO Carol Bartz, allowed the companies to amend or terminate it after five years.
Last month, the companies extended by 30 days the deadline to renegotiate the deal.
Earlier, Microsoft controlled how Bing displayed search results on Yahoo websites accessed on PCs.
Microsoft will now own the ads delivered from its own Bing Ads platform.
Yahoo was responsible for sales for Bing search ads.
Microsoft and Yahoo plan to transition sales responsibilities starting this summer.
Originally, the deal also included a revenue-sharing agreement where Microsoft paid Yahoo a percentage of Bing ads revenue delivered from Yahoo searches. This structure would remain intact, the companies said.
Yahoo and Microsoft shares were down marginally in late-morning trading.
(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Don Sebastian)
|
April 16- Microsoft Corp and Yahoo Inc amended a 2009 search partnership, giving Yahoo more control over how search results are displayed on desktops and mobile devices. The 10- year search partnership, crafted by former Microsoft CEO Steve Ballmer and former Yahoo CEO Carol Bartz, allowed the companies to amend or terminate it after five years.
| 3.344262 | 0.95082 | 25.770492 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/07/27/office-envy-inside-quirkys-new-york-headquarters.html
|
http://web.archive.org/web/20150923003156id_/http://www.cnbc.com/2015/07/27/office-envy-inside-quirkys-new-york-headquarters.html
|
Office Envy: Inside Quirky's New York headquarters
|
20150923003156
|
Luella Rivera, a former New York City public school student, may not have ever heard of New York-based startup, Quirky.
But the employees of Quirky have definitely heard of her.
As part of its office design, the company repurposed an old school locker with her name on it and then used it to build one of its conference room tables. The name of the conference room then became "Luella Rivera."
It's one of the many unique and different aspects of the warehouse-style office that belongs to Quirky.
The concept of the company takes user-submitted ideas from the public and turns them into retail products. Some of the submissions can be found in stores like Target, Home Depot and Best Buy.
It's an idea that generated enough excitement that over the past few years, it's raised funding from the likes of GE and Andreessen Horowitz.
|
A tour of startup, Quirky reveals a highly unique office space, but the recent layoffs at the company highlight the volatility of startups.
| 6.692308 | 0.615385 | 1 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/07/23/4-trades-on-huge-post-earnings-moves.html
|
http://web.archive.org/web/20150923173849id_/http://www.cnbc.com/2015/07/23/4-trades-on-huge-post-earnings-moves.html
|
4 trades on huge post-earnings moves
|
20150923173849
|
Investors cheered a 2 percent operating margin and a quadrupled net income in Amazon Web Services, the company's cloud computing segment.
The stock was already up more than 50 percent for the year heading into earnings. Trader Brian Kelly agreed that investors may want to sell some Amazon stake on the post-earnings move.
Starbucks shares rose more than 4 percent after it beat quarterly estimates on the top and bottom line Thursday. The coffee chain also announced that it would repurchase 50 million shares as part of its buyback program.
Read MoreStarbucks stock pops on earnings beat, buyback news
Trader Josh Brown said he like Starbucks as a long play after the quarter.
Juniper Networks shares jumped after the network technology company posted better-than-expected second-quarter results Thursday. Trader Brian Kelly believes trends in the business bode well for competitor Cisco Systems.
The company's stock rose more than 1 percent in extended trading.
Tim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JPM, SUNE, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Brian Kelly is long BBRY, BTC=; ITB, TAN, TLT, TSL; he is short Oil, Yuan and Yen. Today he shorted Oil.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Long AAPL, DE, DNKN, EBAY, FSLR, JMBA, SAM, SHAK, SPWR, TNET, TWTR, XLE, XON.
|
"Fast Money" traders looked at how to trade Amazon.com and Starbucks after their stocks popped on strong earnings reports.
| 14.045455 | 0.363636 | 0.363636 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/06/12/key-obama-backed-trade-bill-fails-house-vote.html
|
http://web.archive.org/web/20150924045914id_/http://www.cnbc.com/2015/06/12/key-obama-backed-trade-bill-fails-house-vote.html
|
Key Obama-backed trade bill fails House vote
|
20150924045914
|
The outcome was uncertain and the drama intense heading into Friday's votes. In frantic 11th-hour maneuvering, liberals in the House defied their own president and turned against a favored program of their own that retrains workers displaced by trade. Killing the program would kill the companion trade bill, and many Democrats and labor leaders advocated just that.
The move caught the Republicans off-guard. House Republicans, already in the awkward position of allying themselves with Obama, found themselves being asked by their leaders to vote for a worker retraining program that most have long opposed as wasteful. Many were reluctant to do so, leaving the fate of the entire package up in the air, and Obama facing the prospect of a humiliating defeat at the hands of his own party members.
The White House plans to use trade promotion authority to pass a deal on the so-called Trans-Pacific Partnership, which the administration characterizes as an essential part of the U.S. "pivot" toward Asia.
Read MoreTPP: What's at stake for Abe, Obama
Although fast-track authority will help convince partners at the negotiating table that the U.S. is serious about getting a deal done, administration officials told CNBC that they do not consider it absolutely essential to making the trade pact happen.
Yet in a convoluted series of events Thursday, the fast-track bill, long the main event, seemed to fade in importance even as Republicans began sounding confident it would command enough votes to pass. Instead, Democrats began eyeing the possibility of taking down the related Trade Adjustment Assistance bill—a maneuver that would be made possible only because of how House leaders decided to link the two of them in rules governing how they would come to a vote.
Liberal lawmakers argue a trade agreement would harm the country if it lacks adequate enforcement measures. Some Libertarians oppose the deal as well.
On the other hand, some contend the Pacific trade agreement is necessary to fight China's influence in the area by establishing an American-led system of regional trade standards.
—The Associated Press contributed to this report.
|
The House overwhelmingly defeated the Trade Adjustment Assistance bill—a necessary step for trade promotion authority.
| 22.333333 | 0.833333 | 2.5 |
medium
|
medium
|
mixed
|
http://www.cnbc.com/2015/04/30/europe-shares-mostly-lower-rbs-down-4.html
|
http://web.archive.org/web/20150924104250id_/http://www.cnbc.com/2015/04/30/europe-shares-mostly-lower-rbs-down-4.html
|
Europe shares end mixed amid euro strength
|
20150924104250
|
On the data front, the euro zone also ended four months of deflation in April, with official data on Thursday showing that prices were unchanged from a year ago.
The euro rose for a third day against the dollar on Thursday, pushing it over $1.12 for the first time in two months after softer than expected U.S. GDP data.
In earnings news, RBS shares finished around 2.5 percent lower after the U.K. bank announced its was setting aside around another $1.3 billion for possible misconduct charges.
Read MoreRBS posts net loss on litigation charges
Meanwhile, oil major Royal Dutch Shell edged higher after reporting a profit rise despite a sharp revenue decline.
Shares of Nokia, plunged up to 9 percent as it reported that profits at its core business were down around 61 percent.
|
Europe closed mostly higher on Thursday as investors reacted to more earnings news as well as the Fed's latest rate decision.
| 6.608696 | 0.478261 | 0.652174 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/04/30/heres-why-microsoft-could-buy-salesforce.html
|
http://web.archive.org/web/20150924105425id_/http://www.cnbc.com/2015/04/30/heres-why-microsoft-could-buy-salesforce.html
|
Here's why Microsoft could buy Salesforce
|
20150924105425
|
Microsoft Chief Executive Officer Satya Nadella has made some bold moves since taking over the world's largest software company last year. But nothing like a $50 billion-plus acquisition.
At least one analyst sees it as a real possibility.
Bloomberg reported on Wednesday, citing people with knowledge of the matter, that Salesforce.com hired financial advisors upon being approached by potential buyers. While much of the speculation immediately turned to rival Oracle, Alex Zukin of investment bank Stephens says Microsoft makes the most sense.
Nadella has made cloud computing his No. 1 priority as CEO, and even projected at a company conference this week that Microsoft could reach $20 billion in cloud revenue by 2018, up from a current annualized rate of $6.3 billion. The centerpiece of growth is Azure, the cloud hosting platform that competes with Amazon Web Services.
Read MoreCramer's call on Salesforce
Microsoft and Salesforce tightened their relationship in December, making it easier to run Salesforce on Windows Mobile phones and in Office. Owning Salesforce would enable Nadella to control the entire cloud suite.
"Microsoft is trying to be the operating system across business, consumer and the Internet of Things," said Zukin, who has an "overweight" rating on Salesforce and doesn't officially cover Microsoft or Oracle. "They have the platform and productivity apps, but they really don't have the killer enterprise app."
Salesforce shares jumped 12 percent to $74.65 on Wednesday after the report surfaced, lifting the San Francisco-based company's stock market value close to $49 billion. The stock was down more than 3.5 percent midmorning Thursday. Microsoft is valued at $397 billion and Oracle is worth $195 billion.
|
Microsoft's Satya Nadella has made some bold moves since taking over the software company last year. Buying Salesforce would be the boldest.
| 13.04 | 0.92 | 6.28 |
low
|
medium
|
mixed
|
http://www.theguardian.com/artanddesign/2006/jun/12/architecture.communities/amp
|
http://web.archive.org/web/20150925013320id_/http://www.theguardian.com/artanddesign/2006/jun/12/architecture.communities/amp
|
Peter Ackroyd on the London Architecture Biennale
|
20150925013320
|
'London's always been an ugly city," says the writer Peter Ackroyd, sitting in the bar of the Zetter Hotel, designed by local architect Laurie Chetwood in the heart of Clerkenwell, London. With isolated exceptions, the printers, clockmakers, prisoners, distillers, seditionaries and revolutionaries of an older, darker Clerkenwell have long given up the ghost. Clerkenwell is now the home, or "creative quarter", of legions of young architects and designers - and as such it's the focus of the London Architecture Biennale, of which Ackroyd is the director, that starts this Friday.
Is London really so very ugly? In parts it is surely elegant, possibly beautiful. Consider its parks, its garden squares, river walks, buildings such as the Royal Naval Hospital at Greenwich, the newly restored Chinese pagoda in Kew Gardens, the Palace of Westminster. In Ackroyd's eyes, though, much of the gargantuan face of London is wrinkled and warty, and increasingly masked in coats of garish slap: showy office towers, hip new bars, shopping mall-style museums, smart restaurants and shiny shops.
"Power and money are what have made it both ugly and voraciously successful," insists Ackroyd. "It's a largely unplanned city, with buildings that come and go. Little or nothing stays still in London. The drive for money makes it a restless creature, forever biting off its own limbs and watching them grow back in new, bigger and shinier forms."
As, for example, in the case of the cluster of new skyscrapers planned for the City of London. Ackroyd will not be drawn on the merits of their designs; he simply underlines the point that London has an organic character. It has always changed and always will. "If it stops changing, it will die. It's a monster, yet I accept it all. No part of London is alien to me. I love walking it at random every day, after writing, and watching the changes take place before my eyes. But, as to whether change, architectural or otherwise, makes it a better or worse place than it was - how can any of us really know? It's easy to be nostalgic about a London you never knew, but what was it really like to live 100 or 200 years ago? Is it better now? Probably not."
Change is the theme of this year's London Architecture Biennale, and one of the centrepieces of the week-long event is Peter Ackroyd's Thames, an exhibition on the Millennium Bridge that stretches between St Paul's and Tate Modern. Displays on the west side of the bridge will deal with all that is "noble" (in Ackroyd's view) about London, while those on the east side will show the "darker" side of the city. The exhibition is one way of charting change in London, a city that has long been divided by extremes of wealth, taste, health, greenery (or the lack of it), and architecture. For Ackroyd, the Thames weaves the two halves together. "Did you know," he says, "that there are 53 churches along the river dedicated to the Virgin Mary, or Isis, the goddess of fertility?"
Standing in the middle of the Millennium Bridge, the changes to central London are all too evident. With the would-be Manhattan skyline of Canary Wharf glaring down the river, it is easy to imagine how the shock of priapic new skyscrapers planned around St Paul's and due to be completed by 2010 might look. Some Londoners will find them uplifting, others will despise everything they stand for - making money by the tower-load. But this, as Ackroyd acknowledges, is what London has stood for since the Romans arrived. The city's ability to generate money makes it what it is: a rip-roaring, all-consuming, piratical monster. The fact that it has any saving graces in the looks and planning departments is a matter of luck, says Ackroyd, and of the passion of individuals, rather than collective judgment.
"Politicians don't care about London," he says. "For them, it's a power base, a place to vaunt their ambitions, and to milk every conceivable form of tax. Where do they all come from anyway? I don't think you'll find many Londoners in the government."
The deputy prime minister showed he didn't care when he gave permission for a horrible new 50-storey residential tower at Vauxhall, known as Prescott's Prick, which will ruin views along the river of the Palace of Westminster (making loads of money in the process). Ken Livingstone, mayor of London, revels in big business and even bigger towers. Why, though, aside from some gormless notion that London needs to ape Shanghai to look modern, or some desire to mark his passing place in London's history, does he feel the need to do so?
"Vanity," suggests Ackroyd. "But London carries on regardless of political conceit. Its business is much bigger and very much richer than its politicians are, which is also why they kow-tow to it." Could they at least help to shape better areas of the city as it marches along the river, building cities for the first-time immigrants who do London's dirty work? Surely politicians can do better than the junk being planned along the Thames Gateway? The former London County Council once built handsome blocks of flats for what are now known as "key workers". These were designed to the highest specifications and built not halfway to Southend, but cheek-by-jowl with the City of London, and behind Tate Britain. A century on, and London's attitude towards social housing appears to be Dickensian once more, a tale of two very different cities: one for the increasingly wealthy, the other for the new underclasses who come to serve London for the lowest possible wages.
Ackroyd looks perplexed. "London has long been a tale of two cities. It's always been an immigrant city. History shows that immigrants, from Jews and Hugenots to Bengalis and now Poles and Kosovans, have largely done well by London, no matter what shade of government has been in power. What you're discussing is housing, buildings and architecture, including the Olympics, that will quickly be swept away as the city changes direction yet again."
Ackroyd's view of London is fatalistic rather than cynical. We might make mistakes in developing our capital city, he believes, yet these are redeemed by time, or simply forgotten.
Even so, I find myself disagreeing. It is understandable that Ackroyd should love a messy, restlessly alive London: like Havana, Calcutta, Cairo or Istanbul, it's an inspiring place for a writer. Clean, well-planned cities such as Copenhagen, Helsinki and Ottawa are not. But one glance at the gap between the architecture - and the cost - of the latest wave of City towers and the cheap-as-chips homes being built in east London suggests that London's development is absurdly topsy-turvy, and that something needs to be done to redress it.
Ackroyd's view of the city reminds me of a fascinating 1936 correspondence between architect HA Shapland and Frank Pick, chief executive of the London Passenger Transport Board. At the time the transport board was a world-renowned public corporation, arguably doing more to bring a high standard of democratic civilisation to London than any other organisation before or since. But Shapland accused Pick and the LPTB, whatever its good intentions, of: "1. Adding to the size and unwieldliness of London", and "2. Taking futile little people from one dull suburb to another. Taking them out of the sunlight into pea-shooter-like tubes full of ear-splitting noise and the acrid stench of humanity." Remarkably, Pick wrote back to Shapland, saying: "I am fully convinced of the futility of all that I do ... The amount of labour that we put into getting simple things simply carried out is enormous ... The whole world is designed to afford the greatest amount of friction to change upward."
So why bother? Why not just sit back and enjoy Ackroydian London, or retire to the country and contemplate nature? Because, says Pick: "We must stand by this ruined world we have made." In other words, we should try to do some good, and, in the case of London, join its two halves.
Perhaps London would become dull if it were ever as decent and as truly democratic as Pick had hoped. If so, we would have neither Peter Ackroyd's books, nor the London Architecture Biennale. There is, though - as developments in the City and the East End continue to prove - little chance of London coming to heel or becoming one city. It remains a many-faced, buccaneering, brute beauty.
· The London Architecture Biennale runs from June 16 to 25. Details: www.londonbiennale.org.uk. Peter Ackroyd will be giving a talk, Sacred Thames, at Tate Modern, London SE1, on June 22. Box office: 020-7887 8888.
|
As the London Architecture Biennale kicks off, its director Peter Ackroyd tells Jonathan Glancey how money has transformed the city - and will make it almost unrecognisable by 2010.
| 57.612903 | 0.774194 | 1.354839 |
high
|
low
|
abstractive
|
http://www.theguardian.com/artanddesign/2011/jun/21/magritte-tate-liverpool-marc-bolan/amp
|
http://web.archive.org/web/20150925024146id_/http://www.theguardian.com/artanddesign/2011/jun/21/magritte-tate-liverpool-marc-bolan/amp
|
Magritte exhibition at Tate Liverpool gets fans of Marc Bolan raving
|
20150925024146
|
Much to their surprise, the curators of the biggest Magritte exhibition mounted in Britain have discovered that one of his works is a cult object to Marc Bolan and T Rex fans, who are expected to make their way to Tate Liverpool in droves to see the painting.
To Magritte admirers, The Sixteenth of September is a deceptively realistic work painted in 1956, one of a series in which the artist plays tricks with light and time of day. It shows a crescent moon impossibly shining through the dark mass of a tree, against a dawn sky.
To Bolan fans, the painting has an entirely different significance: 16 September 1977 was the date the singer was returning home in the small hours from a night out, in a Mini driven by his girlfriend Gloria Jones.
The car span off the road and hit a tree on Barnes Common in west London. She was badly injured and he was killed, two weeks before the 30th birthday he had predicted he would not live to see. A shrine, lovingly tended by fans and never without flowers, now marks the spot.
Fans say the tree in the painting closely resembles the sycamore the car crashed into, and the moon was at the same phase on 16 September 1977.
The official Marc Bolan fan club is one of several running competitions, with prizewinners getting tickets for the exhibition, which opens on Friday and runs until October. Many fans are expected to turn up on the anniversary in September.
What is the first major Magritte show in the UK in decades and the most comprehensive ever has been long in the planning, with negotiations for the loans of more than 100 paintings from private and public collections starting two years ago.
The curators were already in discussions with the Kunsthaus in Zurich for The Sixteenth of September when they learned of the Bolan connection – from Martin Barden, Tate's head of ticketing and a lifelong Bolan fan.
He has curated exhibitions about the singer and organised memorial concerts and events.
He is just as keen on Magritte and bought a postcard of the painting as a child on a family holiday in Paris, and kept it by his bed for years.
"I'm really looking forward to seeing the actual painting that I've known so well for so many years," he said. "Now the word is out, I expect there are going to be a lot of us."
René Magritte: the Pleasure Principle is at Tate Liverpool from 24 June to 16 October
|
Major show of Belgian surrealist's work gives rock fans a chance to see painting that shares its name with the date the singer died
| 19.24 | 0.64 | 1.12 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/05/07/here-are-the-grubhubs-priciest-delivery-and-takeout-burgers.html
|
http://web.archive.org/web/20150925030027id_/http://www.cnbc.com/2015/05/07/here-are-the-grubhubs-priciest-delivery-and-takeout-burgers.html
|
Here are the GrubHub's priciest delivery and takeout burgers
|
20150925030027
|
The Empire Steak House took top honors for the most expensive burger in America with a kobe beef version that sells for $36.95. Boston-based Conor Larkin's Husky Burger Challenge followed in the rankings. The mega meal includes four 8-ounce patties, eight bacon slices and eight slices of cheese—enough for a group or one very hungry person.
Overall, the average burger price remains a fraction of these more expensive burgers, clocking in at $7.60.
Below is the full priciest burger list:
1. Empire Steak House's Kobe Burger Location: New York, New YorkPrice: $36.95
2. Conor Larkin's Grill & Tap's Husky Burger Challenge Location: Boston, Massachusetts Price: $29.99
3. Harry's Cafe & Steak's Kobe Beef Burger Location: New York, New YorkPrice: $29.00
4.Village Whiskey's 8 ounce Whiskey King Burger Location: Philadelphia, Pennsylvania Price $28.69
5. Kittery's The Kittery Burger Location: Brooklyn, New YorkPrice: $28.00
6. Empire Steak House's Lunch 12 oz. Kobe Burger Location: New York, New YorkPrice: $26.95
7. Epicurus Restaurant's Beast Burger Location: Detroit, Michigan Price: $26.50
8.The Leopard at Des Artistes' All-Natural Beef Burger Location: New York, New York Price: $26.00
9. Taphouse Grill's King Kobe Burger Location: Highwood, IllinoisPrice: $25.99
10. Wiener and Still Champion's Triple Undisputed CheeseburgerLocation: Evanston, Illinois Price: $25.50
|
Customers won't find these burgers on any dollar menu.
| 26.636364 | 0.272727 | 0.272727 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2013/12/26/these-retailers-broke-their-christmas-delivery-promise.html
|
http://web.archive.org/web/20150925053923id_/http://www.cnbc.com/2013/12/26/these-retailers-broke-their-christmas-delivery-promise.html
|
These retailers broke their Christmas delivery promise
|
20150925053923
|
If consumers can't rely on a certain store for timely delivery, that retailer could miss out on sales, according to experts.
Anne Zybowski, vice president at Kantar Retail, said that online shoppers are concerned about receiving orders in time, which often means they won't risk ordering from a store they've never purchased from before.
"All e-commerce players are not equal," she said.
(Read more: Bought a gift online? Good luck returning it)
It will be interesting to see which retailers advance their shipping deadlines next season, trying to achieve a balance between snagging a competitive advantage and fulfilling promises, McMahan said.
One definite area for improvement is flip-flopping on dates, which confuses customers, he added.
Apple, Pottery Barn and TigerDirect changed their cutoffs for standard shipping, with TigerDirect switching from the 20th to the 18th, then back to the 20th.
"That's one thing that retailers could probably get better [at] next year," he said. "Pick a date, make that date really easy to find on the website, and stick to it."
—By CNBC's Krystina Gustafson. Follow her on Twitter @KrystinaGustafs.
(CORRECTION: An earlier version of this story misstated the number of late packages shipped via UPS. Of 75 packages in the StellaService test, nine packages—or 12 percent—missed the promised delivery. Eight of those nine late deliveries were shipped via UPS, StellaService said.)
|
StellaService, which rates retail customer service, scored sites on meeting promised delivery dates on holiday orders.
| 15.263158 | 0.631579 | 0.842105 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/05/11/breakout-these-stocks-may-be-ready-to-run.html
|
http://web.archive.org/web/20150925065104id_/http://www.cnbc.com/2015/05/11/breakout-these-stocks-may-be-ready-to-run.html
|
Breakout: These stocks may be ready to run
|
20150925065104
|
Traders said the Street is not underweight the group but they have been underinvested relative to other sectors that are looking overbought. There was also interest around the group as Treasury yields have been rising in recent sessions, signaling to some that other rates could follow.
Bove, however, said he doesn't expect a Fed rate hike anytime soon but sees other factors helping the sector. He said a jump in mergers and acquisitions activity and more active trading has been a boost to major firms like JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs.
"The currency war has been a gift from the gods to the banks," said Bove. "Currencies are going crazy all over the place. That's what you're look for. You're looking for action in currencies, energy commodities. You're getting it in equities. You're getting it in swinging Treasury rates," he said.
Read MoreHow to play the reflation trend: Lee
Bove said it's the biggest of the banks and investment banks that should do the best. "There is a significant difference in their businesses which was discovered in the first-quarter earnings reports. Those companies, unlike the majority of companies in the industry, are all of sudden in a number of businesses that are exciting again," he said.
Deutsche Bank, in a note Monday, pointed out that the net margins on financial companies' profits rose in the first quarter to 17 percent from 14.9 percent a year ago, while overall S&P 500 margins were at 10.5 percent, from 10.3 percent a year ago.
Deutsche Bank analysts said fewer litigation charges at JPMorgan, Citigroup and Bank of America were a contributor to higher margins but even without those three institutions, financial net margins were at 16.6 percent.
"We think banks are a better hedge against inflation than energy," said the Deutsche analysts. They also prefer the big banks and capital markets firms.
Read MoreTraders look for retailers to move market to new highs
Bove said investors are looking at bank profit growth, against their lower-than-average market multiples. "Banks are having a hard time trading at 1.3 to 1.5 times book ... in the past they've been as high as two times book. The book value keeps going up, earnings keep going up and the stocks keep going down, and that doesn't make sense in the market going forward," he said.
As for smaller banks, they are waiting for an improving economy. "The regionals are in decent condition. The regionals need two things to show decent earnings. They need an increase in interest rates, and they need a better economy," Bove said. "There's nothing exciting going on there except valuations are low relative to the overall market."
Bove said there is a risk for the major banks, and it's not insignificant. As U.S. regulators turned their attention to foreign banks, foreign regulators have set their sights on U.S. institutions, and the risk is now greater from abroad.
Standard & Poor's covers 180 financial stocks but has "strong buy" recommendations on just 11 names in the sector and "buy" ratings on 68. The stocks S&P analysts say have the most potential to gain include Morgan Stanley, Everest Re, Huntington Bancshares and Synovus Financial.
"I would not say overweight the group but I would say that there are some financials we favor," said Sam Stovall, chief equity strategist at S&P Capital IQ.
Others rated "strong buy" by S&P include Lazard Ltd, Berkshire Hathaway B, Blackstone Group, KKR & Co., UBS Group, ING Group and Capital One.
"I think they're going to respond favorably to the prospect the Fed is going to raise rates in September or later," rather than sooner, said Stovall. "A rising tide lifts all boats so financials could end up doing relatively well."
Stovall said he looked back 60 years at the response of bank stocks to rate hikes, and found the reaction is not quite as expected.
"As short-term rates rise, the yield spread narrows which means it's harder for banks that earn their income on net interest margins. They end up seeing those margins get squeezed," he said.
Traders have been watching the trading in banks for the last several days to see if the renewed interest by investors' lasts, and also whether it might be a message about the broader market.
"When financials are outperforming, the broader index is much more likely to rally," said UBS strategist Julian Emanuel recently. "We'll be watching that very closely."
Traders playing the sector are watching the XLF Financial Select Sector SPDR Fund and KRE SPDR S&P Regional Banking ETF, among others.
|
Big financials have been perking up lately and may be ready for an even greater run higher.
| 51.777778 | 0.722222 | 0.944444 |
high
|
low
|
abstractive
|
http://www.cnbc.com/2015/06/12/apples-real-advantage-in-streaming-music-commentary.html
|
http://web.archive.org/web/20150925125535id_/http://www.cnbc.com/2015/06/12/apples-real-advantage-in-streaming-music-commentary.html
|
Apple's real advantage in streaming music
|
20150925125535
|
Though Apple is coming from behind, I believe it will quickly dominate the marketplace and its smaller rivals will have to step up their games or get swept away.
Spotify has had an open playing field since it launched in 2011 but it will have a very hard time competing with a company that controls hardware, software and user data and has $160 billion in cash. Spotify now has 20 million paid subscribers and 55 million free users, so it may be able to play second fiddle. But, one day, Spotify will need to actually make money. Apple doesn't need to make money from selling music. That gives it a major advantage.
Read MoreNo need to be industry number one, says Spotify founder
Rhapsody will most likely become an acquisition target for another company that can use music to sell related products or it could be acquired to join a suite of services. Or it will fade away.
Tidal, which launched in late March, heightened awareness in the media, and sent the message that music streaming was here to stay. Rap star Jay Z purchased Swedish streaming company Aspiro and rebranded it as an artist-owned vehicle that would put power and money back in musicians' pockets. Tidal could create a business as a cultural platform and lifestyle destination encompassing sports, fashion and more. The company wins for hottest launch event, with major star power on hand, including Madonna and Jack White. One problem so far: Tidal hasn't hammered out deals with all the major labels, including Sony, so it doesn't have permission to stream catalog music from Jay Z's own wife, and co-owner, Beyoncé.
Read MoreApple Music and labels investigated by 2 states
To be sure, the most exciting elements of music streaming have not even begun. Music, technology and social connectivity go hand in hand. Over the past 10 years, thousands of highly creative individuals and companies have used technology to create everything and anything you could have dreamed of as a musician.
Yet, until now there had not been a viable platform for all of this technology. It is only a matter of time before Apple invites apps onto Apple Music and expands the music offerings to satisfy every relevant musical need. With music streaming comes social music, encompassing everything from collaborative musician sites like Blend.io that let musicians make music together online to Soundcloud whose network of users share mixes and tracks effortlessly or Sevenpop's virtual jukebox where retailers and restaurants allow shoppers to control the playlist.
Apple knows that music is great for selling everything except music. Apple does not need to sell music to make Apple Music successful. It only needs to keep users in its ecosystem so they buy more hardware, apps, and Apple owned products. Once again, Apple will step in and turn a struggling technology, this time streaming music, into the norm for consumers.
Commentary by Joshua Katz is CEO & Co-Founder of El Media Group, a custom music provider, serving the hospitality, retail and gaming industries. Follow him on Twitter @elrecords.
|
This music-service founder says Apple has one distinct edge in streaming.
| 41.928571 | 0.785714 | 0.785714 |
high
|
medium
|
abstractive
|
http://www.cnbc.com/2009/11/02/Wines-to-Bring-to-a-Holiday-Meal.html
|
http://web.archive.org/web/20150925141717id_/http://www.cnbc.com/2009/11/02/Wines-to-Bring-to-a-Holiday-Meal.html
|
Wines to Bring to a Holiday Meal
|
20150925141717
|
Which wines to bring—or serve—with a holiday meal? It's a question that plagues many at this time of year, when plans for turkey, ham and root vegetables conquer your to-do list. Choosing which wine pairs well with what is being baked, roasted or frosted can compel one to reach for the boxed Franzia. No worry. We've consulted a handful of wine and food experts to do the work for us.Click ahead and read which wines experts like Royal wine advisor Jancis Robinson and Wine TV creator Gary Vaynerchuk recommend for your holiday soiree.Posted Nov 2, 2009
|
See which wines experts like Royal wine advisor Jancis Robinson and Wine TV creator Gary Vaynerchuk recommend for your holiday soiree.
| 5.272727 | 0.954545 | 20.045455 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/05/13/will-bradys-all-star-lawyer-help-him-beat-nfl-rap-commentary.html
|
http://web.archive.org/web/20150925161008id_/http://www.cnbc.com/2015/05/13/will-bradys-all-star-lawyer-help-him-beat-nfl-rap-commentary.html
|
Will Brady's all-star lawyer help him beat NFL rap?
|
20150925161008
|
As has been widely reported, Kessler has helped his clients win important victories against the NFL. As Baltimore Ravens running back Ray Rice's lawyer, Kessler persuaded retired federal judge Barbara Jones, who heard that appeal, that Commissioner Roger Goodell had abused his discretion in giving Rice an indefinite suspension after first suspending him for two days. Judge Jones found that Rice had not misled the Commissioner in his initial account of punching his then-fiancee and therefore the commissioner had acted arbitrarily in upping the initial punishment after a public furor.
Read More Tom Brady suspended for four games over 'deflategate'
Earlier this year, Kessler won a victory for Minnesota Vikings running back Adrian Peterson, convincing U.S. District Judge David Doty to overturn an arbitrator's ruling upholding Peterson's suspension for "at least the remainder of the 2014 season." Judge Doty relied in part on Judge Jones's conclusion that the NFL's new domestic violence policy could not be applied retroactively to Peterson. Kessler also has prevailed against the NFL in other important cases, reaching back decades.
But Kessler doesn't always win. Almost no lawyer who handles any volume of high-stakes matters always wins. Kessler's genius has been in identifying the strongest legal arguments and joining those arguments to the available facts to craft a winning strategy. Lawyers, however, can't make up facts and can't make up law. To paraphrase former Defense Secretary Donald Rumsfeld, a lawyer makes the best of the facts and law as they are, not as he or she wishes they were.
Read More What? Fans try to crowdfund Patriots' 'Deflategate' fine
Who hears this appeal will matter at least as much as who argues it. Commissioner Goodell has the right to hear Brady's appeal himself rather than designating someone else, such as a retired judge, to hear it. It's a safe bet that the commissioner would uphold punishment he already authorized. Brady has a far better shot if Goodell, as matter of fairness, steps aside. It would be somewhat ironic if Goodell did not decline to hear the appeal. Brady, after all, is being punished in substantial part for knowledge of conduct beyond the bounds of fair play.
There is no guarantee that an impartial judge will side with Brady. Still, in ruling in Rice's favor, Judge Jones noted that the NFL Collective Bargaining Agreement requires that a hearing officer generally must give the commissioner's disciplinary decisions the benefit of the doubt. But, the judge added, that does not mean the commissioner is entitled to "a rubber stamp of approval." That's the standard that will be applied in Brady's appeal and that's essentially the same standard that will be applied to the decision-maker's ruling if the decision on this appeal is challenged in court.
Read MoreWhy does Tom Brady make so little in endorsements?
Make no mistake. It's halftime and Brady is down a couple of touchdowns. If the game ends now, he loses. And he's virtually alone on the field, his only teammate an estimable lawyer. No Gronk, no Amendola. Given the odds, if Brady prevails in this appeal it will have to rank among the greatest comebacks of his storied career.
|
Tom Brady picked a superstar lawyer with a history of wins against the NFL. Can it help him beat the "Deflategate" rap?
| 23.884615 | 0.730769 | 1.269231 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/07/27/cramer-we-are-china-lets-stop-kidding-ourselves.html
|
http://web.archive.org/web/20150925164947id_/http://www.cnbc.com/2015/07/27/cramer-we-are-china-lets-stop-kidding-ourselves.html
|
Cramer: We are China. Let's stop kidding ourselves
|
20150925164947
|
"The answer? Simple: because in a world where there is very little growth, we need every country to do its part to get the global economy expanding, and the stock market complex in China is doing the exact opposite," the "Mad Money" host said.
Plus, the "floor" of support in China is completely false. The Chinese government has taken desperate measures to prop up its market, such as the 1,400 stocks that were suspended, stocks that have stopped trading, new IPOs that have been cancelled and the banning of all short-selling.
It's just plain lunacy to Cramer that the Chinese market could still be up 15 percent for the year, let alone stand on its own two feet.
So, why should investors in the U.S. care?
First, there is a huge number of large American companies that export to China. Second, because it is now widely known that the Chinese communist government is not as shrewd or masterful as once thought. And third, because the U.S. market is always held hostage by futures trading, which tends to be a reaction to whatever bad is happening overseas.
Some might think that is silly, but it's a fact of life for Cramer.
And it's not like China was doing well in the first place. All of the indicators of economic growth are trending lower. The only shred of hope that Cramer sees is that the Baltic Freight Index still holds up, but that's it.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: This stock has lost its mojo Cramer game plan: My great Fed-pectations in week ahead Cramer: Play the big trouble in not-so-little China ----------------------------------------------------------
"So, we are China, whether we like it or not. Let's stop kidding ourselves. We will trade with the PRC on the way down," Cramer said.
The only stocks that the "Mad Money" host thinks will propel the market higher once the smoke clears are the domestic and high-growth tech names like FANG—Facebook, Amazon, Netflix and Google.
Investors got used to it with Greece, and now Cramer says to get used to it with China. Until things turn around in the U.S., or Cramer starts to see signs that the Chinese economy is more resilient than its stock market, our market will be held hostage to China. End of story.
|
Jim Cramer says to stop kidding ourselves, the U.S. is linked to China and the damage could make Greece look like nothing.
| 19.625 | 0.791667 | 1.458333 |
medium
|
medium
|
abstractive
|
http://www.cnbc.com/2014/08/05/mcdonalds-1-minute-guarantee-or-you-get-free-food.html
|
http://web.archive.org/web/20150925180208id_/http://www.cnbc.com/2014/08/05/mcdonalds-1-minute-guarantee-or-you-get-free-food.html
|
McDonald’s: 1-minute guarantee or you get FREE food
|
20150925180208
|
The move comes as McDonald's seeks to speed things up by cutting back on menu complexity. Last year, the fast-food giant posted its slowest average drive-thru wait time in the history of QSR Magazine's 15-year study.
Read MoreSpotting the next Chipotle: 10 restaurants to watch
If the offer sounds too good to be true, there are indeed limits. The promotion only runs weekdays from noon to 1 p.m. through August 29.
To read the full Miami Herald story, click here.
|
Running short on time? You're in luck at these McDonald's locations.
| 6.533333 | 0.4 | 0.533333 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2014/10/20/facebook-sues-two-law-firms-involved-in-dispute-over-the-companys-ownership.html
|
http://web.archive.org/web/20150925180538id_/http://www.cnbc.com/2014/10/20/facebook-sues-two-law-firms-involved-in-dispute-over-the-companys-ownership.html
|
Facebook sues law firms involved in dispute over the company's ownership
|
20150925180538
|
Ceglia sued Facebook and Zuckerberg in 2010, claiming he owned a stake in the company. Federal agents arrested him in late 2012, alleging he manipulated a contract between himself and Zuckerberg. He is reportedly due to go on trial soon on those charges.
Ceglia's suit against Facebook was dismissed earlier this year.
Lippes Mathias Wexler Friedman said the allegations were meritless. "Any claim of malicious prosecution on the part of the plaintiff is not only false, but is, in and of itself, a malicious prosecution...," the firm told CNBC in a statement.
Representatives for the other three firms were not immediately available for comment.
|
Facebook sued four law firms on Monday over their involvement in a case challenging Mark Zuckerberg's ownership of the social media company.
| 5.166667 | 0.5 | 0.75 |
low
|
low
|
abstractive
|
http://www.bostonglobe.com/business/2015/09/22/industrial-companies-feel-squeeze-hot-boston-real-estate-market/5sIRyJleIGUfRJkxtlB9MP/story.html
|
http://web.archive.org/web/20150926000658id_/http://www.bostonglobe.com:80/business/2015/09/22/industrial-companies-feel-squeeze-hot-boston-real-estate-market/5sIRyJleIGUfRJkxtlB9MP/story.html?
|
Industrial companies feel squeeze in hot Boston real estate market
|
20150926000658
|
When the sign maker Design Communications Ltd. moved into an old Army depot on the South Boston Waterfront 31 years ago, the place was a no-man’s land, a distant industrial zone of giant cranes, drafty warehouses, and cheap rents.
Today, that old depot is hot property, rebranded as the Innovation and Design Building and buzzing with startups. A new owner is pouring money into a rehab, but has also nearly doubled the rent on Design Communication’s 40,000 square feet, prompting the company, which employs more than 100 people, to look elsewhere for new digs.
“Our home has become very trendy,” said Mike McCarthy, the company’s vice president of operations. “I understand why, and it isn’t a shock. We just hope there’s someplace we can go — and stay in Boston.”
Yet as real estate prices surge and development pushes into places that were long neglected, the pressures are rising on industrial space all over the city. Boston has just 3.6 square miles of land zoned for industrial use, less seemingly every week. Two prominent properties in the South End, for example, Quinzani’s Bakery on Harrison Avenue and the Flower Exchange on Albany Street, are being sold to developers.
The Boston Redevelopment Authority is studying industrial stretches of Washington Street in Jamaica Plain and Dorchester Avenue in South Boston with an eye toward rezoning them for transit-oriented housing. And Widett Circle, barely noticed before it was tapped for a potential Olympic Stadium, sits squarely in the Walsh administration’s sights for a big redevelopment.
All that threatens to further squeeze industries that were already under pressure from changes in the global economy. Manufacturing employment in the city has fallen by half since 2003, according to BRA figures. Jobs in trucking and warehousing shrank by one-quarter in the 2000s, though they’ve rebounded since the end of the recession.
“Not everybody works for Fidelity or Vertex,” said Michael Vaughan, a development consultant who is helping the food wholesalers in Widett Circle negotiate a potential move. “This is how people earn a good living and stay in the city of Boston. The challenge is how do you make sure there’s room for them in a very land-poor city.”
City officials say they’re trying to do just that.
The BRA is completing an updated master plan for the 191-acre Boston Marine Industrial Park at the edge of the Seaport, which may result in more industrial uses on one of Boston’s biggest swaths of developable land. And Walsh’s citywide master plan, Imagine Boston 2030, should help identify other areas that could house industrial companies, said John Barros, the city’s chief of economic development.
“We want to make sure we have our share of those jobs for our residents,” Barros said. “We think there are some areas in Boston that can be further planned for and supported.”
One is the Newmarket District, a thriving cluster of food distributors, construction suppliers, and light industry straddling Massachusetts Avenue near Interstate 93. Today about 235 companies employ more than 20,000 people there, said Sue Sullivan, executive director of the Newmarket Business Association.
Mike McCarthy is Design Communications’ vice president of operations. “We want to stay in Boston and keep working with the team we have now,” he said.
Newmarket, which sits on the edges of the booming South End and South Boston, worked closely with the Menino administration to preserve its industrial zoning, said Sullivan. Now the association is working on a proposal to get state and local incentives to build affordable new industrial space on underused land, in exchange for requirements that the tenants hire local residents. It hopes to finalize a proposal in the next few months.
“We want to make this area viable for the next 50 years,” Sullivan said. “A lot of the companies we have here need to grow, but the space they need to do so is price-prohibitive.”
Then there are the companies for which the whole city feels price prohibitive.
For Design Communications, a location in the core of Boston is key to recruiting employees, McCarthy said. The company, which makes large signs for hospitals, universities, skyscrapers, even TD Garden, hires many of its workers from local art and design schools. They live in Boston and bike or bus to work in the Seaport District. Most, McCarthy said, are unlikely to follow him an hour out of town.
“We could move to Worcester or Providence, but that’s not what we want to do,” he said. “We want to stay in Boston and keep working with the team we have now.”
Design Communications has been talking with city officials about other locations, but the company needs a lot of space — 40,000 square feet — and McCarthy hasn’t found any at rents it can afford. Its lease is up in 2018, leaving Design Communications little time to find a new home.
Its current landlord, Atlanta-based Jamestown Properties, reportedly spent about $120 million to buy the Boston Design Center and neighboring Bronstein Center in 2013 and is investing in a major overhaul, even replacing every window in the 1.4-million-square-foot complex. Jamestown offered Design Communications a discounted rent, said president Michael Phillips, but the upgrades mean prices will inevitably rise from the rock-bottom rates of old.
“Even the manufacturing tenants want elevators that work and steam pipes that don’t freeze,” Phillips said. “But nobody wants to pay more to have it.”
Neither Design Communications nor Jamestown would disclose rent figures.
While the new Innovation and Design Building has attracted architecture firms and tech startups, Jamestown aims to remodel it largely as a hub of industry — 21st Century style. Tenants include high-end furniture makers — whose spaces look and sound little different than Design Communications’s — and MassChallenge, a startup accelerator that includes many small manufacturers, supported in part by a 5,000-square-foot workshop to develop prototypes, complete with 3-D printers.
“We’re very focused on continuing to provide opportunities for people to manufacture things there,” Phillips said. “It’s the core of our business plan.”
Still, Phillips acknowledged, it’s easier for Jamestown to accommodate a startup manufacturer that doesn’t need much space than a mature company that needs 40,000 square feet to make giant signs. In a high-cost city like Boston, he said, companies that need lots of cheap space will naturally gravitate to the fringes of town.
Vaughan said Boston faces a difficult challenge in balancing new development and preserving middle- and working-class jobs.
“The success of running a city is making that good soup,” Vaughan said. “We need a little bit of everything.”
The waterfront building’s new owner has nearly doubled Design Communications Ltd.’s rent.
|
When the sign maker Design Communications Ltd. moved into an old Army depot on the South Boston Waterfront 31 years ago, the place was a no-man’s land, a distant industrial zone of giant cranes, drafty warehouses, and cheap rents.
| 28.382979 | 1 | 47 |
medium
|
high
|
extractive
|
http://www.cnbc.com/2015/07/31/reuters-america-yahoo-buys-fashion-website-polyvore.html
|
http://web.archive.org/web/20150926020818id_/http://www.cnbc.com/2015/07/31/reuters-america-yahoo-buys-fashion-website-polyvore.html
|
Yahoo buys fashion website Polyvore
|
20150926020818
|
July 31 (Reuters) - Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings.
Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its 'Mavens' growth strategy.
The company has been focusing on four areas - mobile, video, native advertising and social - which it calls Mavens, to drive user engagement and ad sales as it battles intense competition from Google Inc and Facebook Inc.
Revenue from Mavens made up about one-third of the company's total revenue in the quarter ended June 30.
The Mavens portfolio includes BrightRoll, mobile app network Flurry, mobile ad buying platform Yahoo Gemini and blogging site Tumblr.
Polyvore, the brainchild of 3 ex-Yahoo engineers, was started in 2007.
The Mountain View, California-based company allows users to mix-and-match articles of clothing and accessories and customize them into "sets."
Polyvore's co-founder and CEO Jess Lee was earlier part of Google Inc's associate manager program, which Marissa Mayer headed before joining Yahoo as CEO.
(Reporting by Kshitiz Goliya in Bengaluru; Editing by Sriraj Kalluvila)
|
July 31- Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its' Mavens' growth strategy. Polyvore's co-founder and CEO Jess Lee was earlier part of Google Inc's associate manager program, which...
| 3.263889 | 0.972222 | 22.25 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/05/19/breaking-news-from-cnbcs-kate-kelly-banks-to-agree-to-currency-manipulation-settlement-on-wednesday.html
|
http://web.archive.org/web/20150926093633id_/http://www.cnbc.com/2015/05/19/breaking-news-from-cnbcs-kate-kelly-banks-to-agree-to-currency-manipulation-settlement-on-wednesday.html
|
Breaking News From CNBC’s Kate Kelly: Banks to Agree to Currency Manipulation Settlement on Wednesday
|
20150926093633
|
WHEN: Today, Tuesday, May 19th
Following is the unofficial transcript of breaking news from CNBC's Kate Kelly.
All references must be sourced to CNBC.
BILL GRIFFETH: WE HAVE BREAKING NEWS RIGHT NOW ON SOME OF THE NATION'S BIGGEST BANKS NEARING A SETTLEMENT ON FOREIGN EXCHANGE CHARGES. KATE KELLY, THIS HAS BEEN A LONG TIME COMING.
KATE KELLY: THAT IS RIGHT BILL. SO NOW WE UNDERSTAND THAT A NUMBER OF MAJOR INTERNATIONAL BANKS ARE EXPECTED TO SETTLE WITH THE JUSTICE DEPARTMENT IN AN ANNOUNCEMENT TO BE MADE AS EARLY AS TOMORROW. AND THAT SOME OF THE HOLDING COMPANIES OF THESE BANKS ARE EXPECTED TO PLEAD GUILTY TO RIGGING THE FOREIGN EXCHANGE MARKETS THE INTERNATIONAL MARKETS ON WHICH PEOPLE TRADE CURRENCIES. THERE WILL ALSO BE A FINE LEVIED ON THE GROUP OF BANKS THAT I'M TOLD NUMBERS IN THE HIGH BILLIONS OF DOLLARS, ALTHOUGH THE EXACT TOTAL STILL YET TO BE DETERMINED. DETAILS, OF COURSE, WILL BE COMING PROBABLY THROUGHOUT THE REST OF THE AFTERNOON AND EVENING. BUT CERTAINLY TOMORROW IF THE TIMING GOES AS EXPECTED, BILL AND KELLY. SO AGAIN, THE CURRENCY MANIPULATION PROBE TAKEN BY THE JUSTICE DEPARTMENT AND OTHER AGENCIES TOGETHER LIKELY TO BE RESOLVED IMMINENTLY. BACK TO YOU.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 371 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/.
|
Breaking News From CNBC’s Kate Kelly: Banks to Agree to Currency Manipulation Settlement on Wednesday
| 29.235294 | 0.823529 | 2.117647 |
medium
|
medium
|
mixed
|
http://www.cnbc.com/2015/05/22/tinders-next-step-shedding-the-hook-up-label.html
|
http://web.archive.org/web/20150926190059id_/http://www.cnbc.com/2015/05/22/tinders-next-step-shedding-the-hook-up-label.html
|
Tinder's next step: Shedding the 'hook up' label
|
20150926190059
|
"Tinder is doing very well when it comes to dating but we never embarked on this thinking it would be a dating app," Rad said. "It was more to solve core issues when it comes to meeting somebody new, and you can see how we can take the Tinder model and apply it everywhere."
Read MoreDating app Zoosk drops IPO plans
Part of that effort involves a push to begin generating revenue. The company launched its subscription service "Tinder Plus" back in March. The premium plus service offers tiered pricing, in which it charges older users more. "Tinder Plus" also comes with a rewind button for those who accidentally swiped left.
The founders said there isn't a specific number of Tinder users they expect to switch over to the monetized version, but said they are "very satisfied" with the current results.
Tinder received one of the top awards largely due to the exponential growth the app has experienced since its infancy. The app now has more than 50 million active users, and it's growth has led to frothy estimates about how much it's actually worth. Some analysts have valued the company at a minimum of $750 million—and as high as $5 billion.
Read More'Let's not get crazy' about Tinder's prospects: Diller
IAC has a controlling stake in Tinder. While IAC's chief Barry Diller has been damping down on the "crazy speculation" surrounding Tinder's prospects, Rad said based on growth the Tinder has experienced, the valuation of the service is "just right."
|
The founders of Tinder told CNBC about the app's ambitious growth and plans for expansion, and how it wants to shed the 'hook up' label.
| 10.1 | 0.7 | 0.966667 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/08/07/globe-newswire-jdcom-announces-second-quarter-2015-results.html
|
http://web.archive.org/web/20150926213651id_/http://www.cnbc.com/2015/08/07/globe-newswire-jdcom-announces-second-quarter-2015-results.html
|
JD.com Announces Second Quarter 2015 Results
|
20150926213651
|
BEIJING, Aug. 7, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced its unaudited financial results for the quarter ended June 30, 2015.
"We are pleased to report a strong performance for the second quarter, as China's consumers increasingly look to JD.com for authentic products and the best online shopping experience," said Richard Liu, founder and Chief Executive Officer of JD.com. "During the quarter, we enhanced our mobile offering, partnered with premium international brands and expanded our JD Worldwide cross-border e-commerce initiative. Looking ahead, we will focus on serving Chinese consumers by investing in innovative business initiatives that leverage JD.com's core expertise in e-commerce and logistics."
"We are encouraged by another quarter of strong top-line growth, led by our JD Mall business," said Sidney Huang, JD.com's Chief Financial Officer. "China's e-commerce market remains extremely dynamic and in order to achieve long-term sustainable growth and economies of scale, we will continue to invest selectively in high-growth initiatives while maintaining our focus on customer experience and operating efficiency."
On August 7, the Company entered into definitive agreements with Yonghui Superstores Co., Ltd, a leading hypermarket and supermarket operator in China. Under the agreements entities within the Company group will subscribe for newly issued ordinary shares of Yonghui at a purchase price of RMB9.00 (approximately US$1.45) per share with a total consideration of RMB4.31 billion (approximately US$700 million). Upon the completion of the transaction, the Company will hold a 10% equity interest in Yonghui and have the right to nominate two directors (including one independent director) on Yonghui's board of directors. In addition, the Company and Yonghui have formed a strategic partnership to strengthen supply chain management capability primarily through joint procurement, and will continue to explore development opportunities in O2O initiatives and other areas of potential strategic cooperation.
Second Quarter 2015 Financial Results
GMV and Net Revenues. GMV for the second quarter of 2015 was RMB114.5 billion (US$18.5 billion), up 82% from the second quarter of 2014. GMV from the online direct sales and online marketplace businesses totaled RMB64.7 billion and RMB49.8 billion, respectively, in the second quarter of 2015, an increase of 65% and 110%, respectively, from the second quarter of 2014. GMV from electronics and home appliance products was RMB59.0 billion in the second quarter of 2015, an increase of 70% from the second quarter of 2014, while GMV from general merchandise and others was RMB55.5 billion in the second quarter of 2015, an increase of 97% from the second quarter of 2014. As a percentage of total GMV, GMV from general merchandise and others increased to 48.5% in the second quarter of 2015 from 44.8% in the second quarter of 2014.
For the second quarter of 2015, JD.com reported net revenues of RMB45.9 billion (US$7.4 billion), representing a 61% increase from the same period in 2014. The increases in GMV and net revenues were primarily due to the growth in active customer accounts and the number of fulfilled orders in the second quarter of 2015. Net revenues from online direct sales increased by 58%, while net revenues from services and others increased by 108% in the second quarter of 2015, as compared to the second quarter of 2014, primarily due to the increased revenues from the Company's rapidly expanding online marketplace and third-party logistics services.
Cost of Revenues. Cost of revenues increased by 57% to RMB40.0 billion (US$6.5 billion) in the second quarter of 2015 from RMB25.5 billion in the second quarter of 2014. The increase was primarily due to the growth of the Company's direct sales business and the increased traffic acquisition costs directly related to the online marketing services provided to merchants and suppliers.
Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery and customer service expenses, increased by 62% to RMB3.3 billion (US$0.5 billion) in the second quarter of 2015 from RMB2.0 billion in the second quarter of 2014. This increase was primarily due to the increase in the number of fulfillment employees associated with the expansion of the Company's fulfillment infrastructure to smaller cities as well as the expansion of delivery services provided to merchants on the Company's marketplace.
Marketing Expenses. Marketing expenses increased by 86% to RMB2.0 billion (US$0.3 billion) in the second quarter of 2015 from RMB1.1 billion in the second quarter of 2014. The increase of marketing expenses was primarily due to the increased brand advertising and other marketing activities, including advertising expenditure on both online and offline channels for the special promotional campaigns in June 2015 to celebrate our anniversary.
Technology and Content Expenses. Technology and content expenses increased by 87% to RMB784.6 million (US$126.6 million) in the second quarter of 2015 from RMB420.0 million in the second quarter of 2014. This increase was primarily due to an increase in the number of technology employees, which included the addition of research and development talent, as well as senior technology employees hired to continuously improve the Company's mobile and big data technologies.
General and Administrative Expenses. General and administrative expenses increased by 35% to RMB614.1 million (US$99.0 million) in the second quarter of 2015 from RMB455.4 million in the second quarter of 2014. Non-GAAP general and administrative expenses4 increased by 67% to RMB429.4 million (US$69.3 million) in the second quarter of 2015 from RMB257.0 million in the second quarter of 2014. The increase of non-GAAP general and administrative expenses was generally in line with our expanded scale of operations.
Net Loss and Non-GAAP Net Loss. Net loss for the second quarter of 2015 was RMB510.4 million (US$82.3 million), compared to RMB582.5 million for the same period last year. Non-GAAP net loss for the second quarter of 2015 was RMB15.7 million (US$2.5 million) as compared to RMB11.8 million in the second quarter of 2014. Non-GAAP net margin for the second quarter of 2015 was negative 0.03% as compared to negative 0.04% in the second quarter of 2014.
Net Loss Per ADS5 and Non-GAAP Net Loss Per ADS6. Net loss per ADS for the second quarter of 2015 was RMB0.37 (US$0.06), compared to RMB5.86 for the second quarter of 2014. Non-GAAP net loss per ADS for the second quarter of 2015 was RMB0.01 (US$0.00) as compared to RMB0.01 in the second quarter of 2014.
Cash Flow and Working Capital
As of June 30, 2015, the Company's cash and cash equivalents, restricted cash and short-term investments totaled RMB25.2 billion (US$4.1 billion), and fair value of our investments in publicly listed companies (within investment in equity investees and investment securities) totaled RMB8.9 billion (US$1.4 billion).
Accounts payable primarily include accounts payable to suppliers associated with the Company's online direct sales business and those to third-party sellers on the Company's online marketplace. From late 2013, the Company started to provide supply chain financing to the Company's suppliers of the online direct sales business. As of June 30, 2015 and December 31, 2014, the balances of financing provided to the Company's suppliers that affected accounts payable balances amounted to RMB3.9 billion (US$0.6 billion) and RMB1.5 billion, respectively. The Company's accounts payable turnover days8 for the online direct sales business excluding the impact from supply chain financing were 42.5 days in the second quarter of 2015 and 40.7 days in the second quarter of 2014.
Net inventories increased to RMB17.7 billion (US$2.9 billion) as of June 30, 2015 from RMB12.2 billion as of December 31, 2014. Inventory turnover days9 were 34.5 days in the second quarter of 2015 and 34.3 days in the second quarter of 2014.
Transaction with Tuniu Corporation ("Tuniu")
On May 8, 2015, JD.com and Tuniu entered into a series of share subscription and business cooperation agreements to jointly provide superior leisure travel products and high-quality online travel shopping experience, pursuant to which the Company subscribed to 65,625,000 newly issued ordinary shares of Tuniu. Together with the previously held 12,436,780 ordinary shares of Tuniu, upon completion of the transaction on May 22, 2015, JD.com held approximately 28% of Tuniu's issued and outstanding shares, and adopted equity method of accounting to account for such investments. JD.com will report its interest in Tuniu one quarter in arrears, which will enable the Company to provide its financial disclosure independent of Tuniu's reporting schedule.
In May 2015, the board of directors approved a 10-year compensation plan for Mr. Richard Qiangdong Liu, the Company's chairman and chief executive officer. Under this plan, Mr. Liu will receive RMB1.00 per year in cash salary and zero cash bonus during the 10-year period. He has been granted an option to acquire a total of 26,000,000 Class A ordinary shares of the Company, representing approximately 0.9% of the Company's total shares outstanding, at an exercise price of $16.70 per share (or $33.40 per ADS) under the Company's Share Incentive Plan, subject to a 10-year vesting schedule with 10% of the award vested on each anniversary of the grant date. The Company will not grant any additional equity incentive to Mr. Liu during the 10-year period.
Appointment of Chief Public Affairs Officer
As part of an organizational restructuring implemented to efficiently manage the continued rapid growth of the Company, JD.com today announced the appointment of Ye Lan to the position of Chief Public Affairs Officer, effective immediately. In his new role, Mr. Lan's responsibilities will include overseeing a number of key operational areas, including the Company's public affairs team.
In his previous position, Mr. Lan served as JD.com's Chief Marketing Officer beginning in 2012 and was instrumental in driving the Company's sales and marketing performance.
Net revenues for the third quarter of 2015 are expected to be between RMB43.2 billion and RMB44.7 billion, representing a growth rate between 49% and 54% compared with the third quarter of 2014. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.
JD.com's management will hold a conference call at 7:30 am Eastern Time on August 7, 2015 (7:30 pm Beijing/ Hong Kong Time on August 7, 2015) to discuss the second quarter 2015 financial results.
Listeners may access the call by dialing the following numbers:
A replay of the conference call may be accessed by phone at the following numbers until August 14, 2015:
Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.jd.com.
JD.com, Inc. is China's leading online direct sales company and the country's largest Internet company by revenue. The Company strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website jd.com and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The Company believes it has the largest fulfillment infrastructure of any e-commerce company in China. JD.com operated 7 fulfillment centers and a total of 166 warehouses in 44 cities, and in total 4,142 delivery stations and pickup stations in 2,043 counties and districts across China, staffed by its own employees. JD.com is a proud member of the NASDAQ100.
In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP operating expenses, non-GAAP net income/(loss), non-GAAP net margin, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(loss) per weighted average shares and non-GAAP net income/(loss) per ADS, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Company defines non-GAAP operating expenses as operating expenses excluding share-based compensation and amortization of intangible assets resulting from assets and business acquisitions. The Company defines non-GAAP net income/(loss) as net loss excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees and the reconciling items on the share of equity method investments. The Company defines free cash flow as operating cash flow adding back the impact from internet financing activities and less capital expenditures, which include purchases of property, equipment and software, cash paid for construction in progress, purchase of office building, intangible assets and land use rights. The Company defines non-GAAP EBITDA as income/(loss) from operations excluding share-based compensation, depreciation and amortization, and recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees.
The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. Non-GAAP operating expenses enable management to assess operating results without considering the impact of share-based compensation and amortization of intangible assets resulting from assets and business acquisitions, which are non-cash charges. Non-GAAP net income/(loss) enable management to assess operating results without considering the impact of these non-cash charges and recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees and the reconciling items on the share of equity method investments. Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from internet financing activities and the demands that the expansion of fulfillment infrastructure and technology platform has placed on financial resources. Non-GAAP EBITDA enables management to assess operating results without considering the impact of share-based compensation, depreciation and amortization, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors' assessment of operating performance.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP operating expenses and non-GAAP net income/(loss) is that it does not reflect all items of income and expense that affect the Company's operations. Share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees and the reconciling items on the share of equity method investments have been and may continue to be incurred in the Company's business and are not reflected in the presentation of non-GAAP net income/(loss). One of the key limitations of free cash flow is that it does not represent the residual cash flow available for discretionary expenditures. One of the key limitations of using non-GAAP EBITDA is that it does not reflect all items of income and expense that affect operations. Share-based compensation, depreciation and amortization and recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees have been and may continue to be incurred in the Company's business and are not reflected in the presentation of non-GAAP EBITDA. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company's financial information in its entirety and not rely on a single financial measure.
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as JD.com's strategic and operational plans, contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com's growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China's e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to JD.com's industry and general economic conditions in China. Further information regarding these and other risks is included in JD.com's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.
1 The U.S. dollar (USD) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into USD in this press release is based on the noon buying rate in The City of New York for cable transfers in RMB per USD as certified for customs purposes by the Federal Reserve Bank of New York as of June 30, 2015, which was RMB6.2000 to USD1.00. The percentages stated in this press release are calculated based on the RMB amounts.
2 As used in this press release, non-GAAP net income/(loss) is defined to exclude share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, recognition of deferred revenue resulting from the business cooperation arrangements with the equity investees and the reconciling items on the share of equity method investments from net loss, and non-GAAP net margin is calculated by dividing non-GAAP net income/(loss) by net revenues. See "Reconciliation of GAAP and Non-GAAP Results" at the end of this press release.
3 Annual active customer accounts are customer accounts that made at least one purchase during the twelve months ended on the respective dates, whether through online direct sales or online marketplaces, which include Paipai.com since the third quarter of 2014.
4 As used in this press release, non-GAAP operating expenses are defined to exclude share-based compensation and amortization of intangible assets resulting from assets and business acquisitions from operating expenses. See "Reconciliation of GAAP and Non-GAAP Results" at the end of this press release.
5 Each ADS represents two class A ordinary shares.
6 As used in this press release, non-GAAP net income/(loss) per weighted average shares is calculated by dividing non-GAAP net income/(loss) by the weighted average number of shares of permanent equity securities outstanding during the period. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per weighted average shares multiplied by two.
7 Internet financing activities include financial products, primarily "Jingbaobei," "Jingxiaodai" and "JD Baitiao," the Company provides to suppliers, merchants and customers.
8 As used in this press release, accounts payable turnover days for a given period are equal to average accounts payable balances at the beginning and the end of the period divided by total cost of revenues during the period and then multiplied by the number of days during the period.
9 As used in this press release, inventory turnover days for a given period are equal to average inventory balances at the beginning and the end of the period divided by total cost of revenues during the period and then multiplied by the number of days during the period.
(1) Annual active customer accounts are customer accounts that made at least one purchase during the twelve months ended on the respective dates, whether through online direct sales or online marketplaces, which include Paipai.com since the third quarter of 2014.
(2) Orders fulfilled are defined as the total number of orders delivered, including the orders for products and services sold in our online direct sales business and on our online marketplace, net of orders returned.
(3) GMV is defined as the total value of all orders for products and services placed in our online direct sales business and on our online marketplaces, regardless of whether the goods are sold or delivered or whether the goods are returned. GMV includes the value from orders placed on our website and mobile applications as well as orders placed on third-party mobile applications that are fulfilled by us or third-party merchants who are enabled by our marketplaces. Our calculation of GMV includes shipping charges paid by buyers to sellers and excludes any transactions in our B2C business with order value exceeding RMB2,000 that are not ultimately sold or delivered and products or services on our C2C marketplace, Paipai.com, with list prices above RMB100,000 as well as transactions conducted by buyers on Paipai who make purchases exceeding RMB1,000,000 in the aggregate in a single day.
|
BEIJING, Aug. 7, 2015-- JD.com, Inc., China's largest online direct sales company, today announced its unaudited financial results for the quarter ended June 30, 2015. "We are pleased to report a strong performance for the second quarter, as China's consumers increasingly look to JD.com for authentic products and the best online shopping experience," said Richard...
| 58.208333 | 0.972222 | 25.666667 |
high
|
high
|
extractive
|
http://www.cnbc.com/2015/09/02/business-wire-udemy-hires-darren-shimkus-to-lead-udemy-for-business-team-and-meet-increasing-demand-for-high-quality-corporate-training.html
|
http://web.archive.org/web/20150927075845id_/http://www.cnbc.com/2015/09/02/business-wire-udemy-hires-darren-shimkus-to-lead-udemy-for-business-team-and-meet-increasing-demand-for-high-quality-corporate-training.html
|
Udemy Hires Darren Shimkus to Lead Udemy for Business Team and Meet Increasing Demand for High-Quality Corporate Training
|
20150927075845
|
Company expands leadership team to continue on its mission to provide workforces with critical skills
SAN FRANCISCO--(BUSINESS WIRE)-- Udemy, the leading marketplace for online education, today announced Darren Shimkus has joined the company as vice president and general manager of Udemy for Business, Udemy’s industry-leading corporate training platform. The hire comes as Udemy for Business has grown to serve more than 200 customers, including Century 21, Lyft and General Mills, and will further enhance Udemy’s ability to help businesses tap the full potential of their workforce.
“More and more companies are making the shrewd move to invest in developing their employees by arming them with the most advanced skills,” said Udemy CEO Dennis Yang. “With his experience in corporate training and growing large global teams, Darren will lead the charge to scale Udemy for Business and partner with leading companies to change the way 21st-century knowledge workers learn.”
Shimkus brings nearly two decades of experience building and growing high-performing sales, marketing, and product management teams. Most recently, he served as senior vice president of global sales and business development at Mophie, a technology company that manufactures smartphone accessories. At Mophie, Shimkus was responsible for driving revenue across the Americas, EMEA, and Asia, where in two years he doubled the company’s revenue to several hundred million dollars. Prior to Mophie, Darren worked at the Corporate Executive Board (CEB), serving in various product development, sales, and general management roles. His experience building and working with enterprise corporate training products at CEB makes him well-suited to help grow Udemy for Business, where he will lead all marketing, sales, strategy, and operations for the company’s corporate learning platform.
Udemy for Business provides customers with a distinct advantage in today’s increasingly competitive and ever-evolving business landscape. The platform gives companies access to on-demand courses taught by world-class experts, as well as the tools to develop their own training content for employees. Customers are able use the turnkey Udemy platform to arm their teams with the skills necessary to succeed in today’s workplace and deliver that knowledge on nearly any device.
“Businesses succeed or fail on the strength of their workforce,” said Shimkus. “Udemy for Business helps knowledge workers keep their skills up to date, whether that means learning agile development from the world’s experts, or using the platform to create custom content for their teams. I’m looking forward to realizing our vision of tapping the talents of the modern workforce to transform business performance.”
Shimkus's hire is the latest of several moves as Udemy continues to expand. Last month, the company added to its leadership team with VP of Product Robert Wong and VP of Content Grégory Boutté. In June, the company raised $65 million in Series D Funding. Udemy has 8 million students and 18,000 instructors in more than 190 countries, and 2,000 new courses are added to the platform each month.
Udemy for Business is the fastest-growing online platform for on-demand learning. Built for businesses striving to stay at the forefront of innovation, Udemy for Business is specifically designed to offer relevant, just-in-time skills training anytime, anywhere. The Udemy for Business solution curates cutting-edge, high-quality courses taught by industry-leading experts and provides teams with intuitive tools to securely create and distribute their own proprietary content. Global brands like Century 21, Lyft, General Mills, and Instacart rely on Udemy for Business to train their workforce and excel in the skills-driven economy.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005490/en/
SutherlandGold Group for UdemyVictoria Butler, 415-848-7178press@udemy.com
|
SAN FRANCISCO---- Udemy, the leading marketplace for online education, today announced Darren Shimkus has joined the company as vice president and general manager of Udemy for Business, Udemy’ s industry-leading corporate training platform. The hire comes as Udemy for Business has grown to serve more than 200 customers, including Century 21, Lyft and General...
| 11.126984 | 0.936508 | 26.746032 |
low
|
medium
|
extractive
|
http://www.cnbc.com/2015/05/28/we-meet-again-mr-bond-pussy-galore-returns-in-new-horowitz-novel.html
|
http://web.archive.org/web/20150927111126id_/http://www.cnbc.com/2015/05/28/we-meet-again-mr-bond-pussy-galore-returns-in-new-horowitz-novel.html
|
'We meet again Mr Bond': Pussy Galore returns
|
20150927111126
|
Set to be published this September, the latest mission is set in 1957, two weeks after Bond's previous escapades with Pussy Galore in Goldfinger. Bond will be working with the iconic Bond girl in the middle of the Soviet-American Space Race, as the US get ready for a powerful rocket launch.
Whilst most details are under wraps, the novel's beginning will throw Bond into the adrenaline-packed world of Grand Prix racing, using unpublished material from "Murder on Wheels", a television episode that was never aired.
Like many Bond episodes, Pussy Galore won't be the only woman to capture the agent's eye. A new Bond girl named Jeopardy Lane will appear, along with a "sadistic, scheming" Korean rival, Jai Seung Sin.
Read More35 million worth of James Bond's cars
Author of "Trigger Mortis", Anthony Horowitz, said it was always his intention to "go back to the true Bond" in a statement, adding that original, unseen material from Fleming will be featured to whet fans appetites.
"My aim was to make this the most authentic James Bond novel anyone could have written," Horowitz said.
James Bond not only made millions of individuals want to become spies, but has sold over 100 million copies from the 14-novel series and was the inspiration behind countless number of films, including Spectre, out this November.
|
The latest adventure for 007 agent, James Bond, will see him reunite with leading lady Pussy Galore in “Trigger Mortis,” announced today.
| 9.642857 | 0.607143 | 1.035714 |
low
|
low
|
abstractive
|
http://www.cnbc.com/2015/06/01/as-minimum-wages-rise-some-say-too-little-too-late.html
|
http://web.archive.org/web/20150927184353id_/http://www.cnbc.com/2015/06/01/as-minimum-wages-rise-some-say-too-little-too-late.html
|
As Minimum Wages Rise, Some Say Too Little, Too Late
|
20150927184353
|
Although the $15 minimums would bring these cities' wages up to more than double the federal minimum wage of $7.25 an hour, policymakers built in a gradual phase-in in each case to minimize the disruption to companies' balance sheets.
Economists who support raising the minimum wage tend to agree that such gradual steps are necessary, but the long lead time dangles the prospect of a living wage in front of low-wage workers years before they can actually attain it.
"Making sure wages align with affordability is a "moving target," Stenger said.
This can generate cynicism, as low-wage workers wonder if the prospect of financial relief will ever come.
Read More Minimum wage hikes are a 'good thing': Reich
"What you're tapping into is a lot of discontent in a lot of the working population," Milkman said.
"It probably won't even be better because the more the minimum wage goes up, the more people raise prices," Davenport said.
Overall, economists say this isn't the case. "Low-wage employment does not constitute a big part of the cost that goes into the cost of living," said Gary Burtless, a labor economist at the Brookings Institution. "If the increase in the minimum wage is only moderate, then we're not really talking about a big effect on the U.S. price index," he said.
Businesses that depend on an army of low-wage workers are most likely to raise prices, Burtless said, and some of these — think fast-food restaurants — are the type of places that are highly visible and heavily visited in low-income neighborhoods, which could make higher prices following a minimum wage increase seem more prevalent than they are.
Read MoreLos Angeles raises minimum wage to $15. Which city is next?
What's more, the semantics of being a minimum-wage worker are demoralizing. "It's not fair that I have to wash behinds and clean up houses...and I get paid the same as a fast food [worker]," Davenport said.
"Like it or not, we link up the dignity of our work with the amount of money we make," Stenger said. "If I'm making the same amount of money that everybody doing the least, [most] menial job is making … that kind of defines my job as less than what it was."
|
Despite the benefits that come from higher minimum wages, some experts say it may be too little, too late, NBC News reports.
| 18.307692 | 0.538462 | 0.538462 |
medium
|
low
|
abstractive
|
http://www.cnbc.com/2015/06/05/hsbc-shake-up-what-you-need-to-know.html
|
http://web.archive.org/web/20150928081026id_/http://www.cnbc.com/2015/06/05/hsbc-shake-up-what-you-need-to-know.html
|
What you need to know
|
20150928081026
|
Just a few years ago, HSBC's status as a banking behemoth seemed unshakable. It appeared to have navigated the global banking crisis with relative aplomb. Despite taking a serious hit from its U.S. mortgage business, this was balanced by growth in its emerging markets business. Its aim to be the "world's local bank" seemed to have paid off.
Now at an investor day in London this Tuesday, Stuart Gulliver, the bank's chief executive, is set to launch a second big effort at root-and-branch reform in just four years.
This has already been one of the most dramatic years in HSBC's 150 year old history, with explosive allegations that its Swiss private bank helped hundreds of wealthy clients to evade tax. It is midway through a deferred prosecution agreement with the U.S. over earlier accusations it helped launder money for drug cartels and clients from Iran, and has even been dragged into the Fifa bribery scandal after processing payments allegedly used for bribes – although there is no suggestion the bank was aware of this.
Read MoreHSBC to cut thousands of jobs globally: Sky News
Along with some of its competitors, HSBC has also paid fines or compensation for the foreign exchange manipulation scandal, and the interest rate swaps mis-selling controversy. It has yet to settle with authorities over an expected fine as a result of the the Libor-fixing scandal.
So, what is Gulliver likely to announce, and will it please the bank's investors?
|
At an investor day this week, chief executive Stuart Gulliver is set to launch a big effort at root-and-branch reform.
| 10.961538 | 0.961538 | 5.115385 |
low
|
high
|
mixed
|
http://www.cnbc.com/2015/06/09/us-bancorp-ceo-richard-davis-were-excited-for-higher-rates.html
|
http://web.archive.org/web/20150928090651id_/http://www.cnbc.com/2015/06/09/us-bancorp-ceo-richard-davis-were-excited-for-higher-rates.html
|
We're excited for higher rates
|
20150928090651
|
With the Federal Reserve expected to raise interest rates later this year, U.S. Bancorp is bracing for a bump in its lending and savings businesses, CEO Richard Davis said.
In an interview at Morgan Stanley's Financials Conference in New York, Davis said he expects executives to move quickly once the central bank starts hiking rates, to lock in loans and financing for projects that have been on the back burner.
He also thinks higher rates will bring homebuyers off the sideline, as they will want to get mortgages before rates on these loans return to historically normal levels.
Read MoreBove: Investors missing 'tremendous' value in banks
More exciting, said Davis, is that higher rates will finally allow the bank to start conversing again with savers.
Davis said there is a whole population out there looking for the security a bank CD or savings account can provide, but which instead has put money in riskier instruments, looking to get more yield.
|
With the Fed expected to raise rates later this year, U.S. Bancorp is bracing for a bump in its lending and savings businesses.
| 7.32 | 0.96 | 13.52 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/06/15/barclays-thinks-artificial-intelligence-is-the-future-of-banking.html
|
http://web.archive.org/web/20150929033952id_/http://www.cnbc.com/2015/06/15/barclays-thinks-artificial-intelligence-is-the-future-of-banking.html
|
Barclays thinks artificial intelligence is the future of banking
|
20150929033952
|
Barclays says it is pursuing technology that could see users talk to a robot computer system to make money transfers, the bank's digital chief told CNBC.
An artificial intelligence system similar to Apple's iPhone personal assistant, Siri could be used so that people will be able to talk to a device and receive the information they ask for.
"We're very soon going to be entering a world though, where we may not have to be physically touching a device in order to execute transactions or to be able to engage with computers," Derek White, chief design and digital officer at Barclays, told CNBC in an interview at London Technology Week.
White gave the example of Amazon's Echo, a device that users can talk to in order to carry out actions such as playing or song, or returning information about the weather.
|
Barclays is pursuing technology that could see users talk to a robot computer system to make money transfers.
| 8.526316 | 1 | 15.315789 |
low
|
high
|
extractive
|
http://www.cnbc.com/2015/06/18/fed-behind-rally-cashin.html
|
http://web.archive.org/web/20150929095705id_/http://www.cnbc.com/2015/06/18/fed-behind-rally-cashin.html
|
Fed decision behind rallying market
|
20150929095705
|
The Federal Reserve's decision to maintain interest rates on Wednesday has helped grease the wheels of the market's rally, said UBS' Art Cashin, with Greece's debt woes largely being ignored.
The central bank held interest rates steady at their crisis-era levels, and suggested the economy—while softer—was on a path to recovery. Although Fed officials' forecasts suggest a rate hike may come by year's end, market watchers say the pace of any eventual tightening is likely to be gradual.
"The market is reinterpreting what it saw yesterday as either a one and done or maybe still a none and done," said Cashin. "The Fed is being seen as far more bullish."
Read More Fed leaves interest rates unchanged
Princeton Securities Group's Ben Willis also said he was not looking for a breakout.
"The bull is not dead and we have a way to go," said Willis. "Once we finnaly pull the band-aid off and get why we are fixated on normalizing rates."
Read MoreWhat bubble? Nasdaq closes at record as stocks rally on dovish Fed
|
The Fed's decision to maintain interest rates helped the market rally.
| 16.769231 | 1 | 3.615385 |
medium
|
high
|
mixed
|
http://www.cnbc.com/2015/06/22/the-hunger-games-franchise-ditches-dot-com-domain.html
|
http://web.archive.org/web/20150929134053id_/http://www.cnbc.com/2015/06/22/the-hunger-games-franchise-ditches-dot-com-domain.html
|
The Hunger Games franchise ditches dot-com domain
|
20150929134053
|
Add the Hunger Games to the growing list of entertainment industry franchises that are leaving the dot-com domain name behind.
The popular movie series became the first to utilize the dot-movie domain on June 9 when it released its new website, TheHungerGames.movie.
It's not the only entertainment franchise making use of a non-dot-com domain name, though. Focus Features is using Outlive.life as the website to promote its movie "Selfless," and Lady Gaga registered a non-dot-com domain for her foundation's website: BornThisWay.foundation.
Read MoreDot-com to .pizza: Welcome to the Web domain rush
The release of the first dot-movie domain registration comes after Internet Corporation for Assigned Names and Numbers (ICANN), which oversees the domain name system, expanded access to suffixes.
Donuts, a major buyer of new top-level domains, started releasing hundreds of new non-dot-com domain names, like dot-pizza or dot-coffee, to the public in February 2014. And now it's looking to lure the entertainment industry into the non-dot-com arena.
Donuts has about 165 suffixes available for domain registration, and the company is in the process of rolling out almost 20 more this year.
Jeff Davidoff, Donuts chief marketing officer, said the company reached out directly to a number of movie studios to see if one would introduce the dot-movie domain name to the world.
"We're on this mission to make these new not-com choices the new normal," he said. "It's the moments when they're used in the most pop culture way that are really going to make this a reality."
Read MoreFrom dot-com to dot-dating
According to Donuts, 60 percent of all domain names in the world are non-dot-com domain names, and a new non-dot-com domain name is registered every 10 seconds.
"Those are great numbers, particularly given not much awareness," Davidoff said. "It's our belief that pop culture usage like this is really going to accelerate the movement."
Davidoff said that the company has pulled over 6 million domain names since February 2014.
"Nothing beats the power of pop culture to drive a movement," he said.
|
The Hunger Games franchise has joined the growing list of entertainment industry franchises that are leaving the dot-com domain name behind.
| 18.833333 | 0.958333 | 13.958333 |
medium
|
high
|
extractive
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.