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http://www.bostonglobe.com/arts/music/2015/06/04/finnish-indie-pop-duo-invokes-courage-chaos-new/wmXYdtvRyESixnLCl6W8KL/story.html
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http://web.archive.org/web/20150609010937id_/http://www.bostonglobe.com:80/arts/music/2015/06/04/finnish-indie-pop-duo-invokes-courage-chaos-new/wmXYdtvRyESixnLCl6W8KL/story.html
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Finnish indie-pop duo invokes courage, chaos on new LP
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20150609010937
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Historically, when musicians have experienced life-changing losses, it’s often led them to pick up acoustic guitars and bare their emotions with a back-to-basics approach. But for “Shake, Shook, Shaken,” the members of the Do (pronounced “dough”) went the opposite way. When composing the album, core collaborators Olivia Merilahti and Dan Levy limited themselves to a keyboard and computer, rejecting the rock instincts that defined their first two albums. In doing so, they risked creating something robotic and detached, rather than forming an organic connection with their grief.
“Yeah, I’ve been reflecting on that as well,” says Merilahti. “Maybe there’s something a little cold on the digital side of the instruments that we used, like virtual instruments and plug-ins and drum machines. But actually, it was so new and unfamiliar for us that we could express our music in a whole different way.”
Both musicians had dealt with the deaths of family members and friends in 2012, when they began preparing the material for the album. Levy also had reached the end of a serious relationship.
“In the beginning, there must have been something sort of cold-hearted,” says Merilahti. “But the second part of the process was to add warmth and humanity and tenderness to it.”
The effect is like a carnival scene in a horror movie, when happy music is overpowered by the ominous tone of an approaching darkness. Merilahti’s airy singing seems to struggle constantly not to be pulled down by the icy keyboard sounds that created the album’s foundation. Sometimes she succumbs; mostly she triumphs.
“Either you just feel sorry for yourself and see yourself as a victim, or you just take a step back and push yourself into the universe,” she says. “There is something philosophical in the question of what we are and the immensity of it, but it’s also very simple.”
She deals with this paradox best on “Trustful Hands,” where she seems to distance herself from her sadness by scientifically classifying humans as “sentimental animals,” yet her voice cracks with emotion. In the song’s most victorious passage, she sings, “chaos is my second home, I don’t mind where I land, as long as I’m in trustful hands.”
With Levy, Merilahti truly does seem to feel like she’s in secure hands. The pair began making music together a little more than a decade ago, scoring the French film “Empire of the Wolves.” Courage and chaos are recurring themes on “Shake, Shook, Shaken,” and in conversation Merilahti is quick to praise her musical partner’s fortitude.
“Courage, I think, is one of the things I value most — maybe because I’m afraid of everything,” she says with a light laugh. “We like to challenge each other a lot, Dan and I. That’s how we work, and that’s how we move on from one thing to another. It takes a little courage.”
Courage and chaos also manifest themselves in the music itself, as the Do allow their experimental whims the freedom to disrupt compositional integrity. Just because Merilahti is singing a pretty pop melody doesn’t mean it can’t be chopped up digitally.
Merilahti, who grew up in Finland and moved to France, has also demonstrated courage in singing in a language that is not native to her. It’s paid off: The band’s 2008 debut was the first English-language album by a French act to top the French charts. English is neither musician’s native tongue, but Merilahti says her “poetic vocabulary is almost more developed in English than it is in French.”
Levy prefers to answer interview questions by e-mail, since his English is not as fluid. Still, his typed responses are poetic.
“Sometimes it takes courage to transform strong emotions into music,” he writes. “I’m not putting my life in danger in the studio, but it’s about overcoming some very uncomfortable moments that are part of the process.”
He downplays any heroism that Merilahti may have heaped upon him, but acknowledges how important it was for the pair to musically overcome those uncomfortable moments: “Olivia and I made music to heal our wounds on this one. There’s a sense of emergency as opposed to a need.”
Merilahti agrees. “I think music was the only way for us to survive and get ourselves out of the difficult situations we were in,” she says. “It was definitely the only solid branch we had to hold onto.” Merilahti says the pair also found inspiration from some unlikely sources. She name-checks South African rap act Die Antwoord and dance punks LCD Soundsystem, but perhaps the biggest influence was Kanye West, whose album “Yeezus” came out while the duo was recording.
“It was kind of just perfect timing, because it’s the kind of album that nourishes and feeds a musician in the studio, and that’s what we needed at the time,” she says. “It almost encouraged us to keep going in the direction that we had already taken, which was trying to make it more minimal and a little raw as well. That was very inspiring, because you listen to that, and it kicks you in the ass and it gives you the energy that you need.”
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Finnish-French pop duo the Dø discarded their conventional approach on its newest LP, confronting dark emotions with keyboard and computer.
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http://fortune.com/2013/02/27/i-robot/
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http://web.archive.org/web/20150614040305id_/http://fortune.com:80/2013/02/27/i-robot/
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I, Robot? - Fortune
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20150614040305
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FORTUNE — Ever since my Roomba carpet-cleaning robot ran over my foot and masticated my shoe, I have been wary of robots as substitutes for actual working persons. I particularly felt that my job in management was safe from the incursion of machines with friendly faces painted on the front of their heads, or whatever you call the metal constructions atop their shoulders, if those are indeed shoulders.
Now I’m not so sure. Apparently there are two economists from MIT who believe, as the New York Times put it recently, “that the pace of automation is accelerating and that robotics is pushing into new areas of the workforce like white-collar jobs that were previously believed to be beyond the scope of computers.” In other words, my position is now challenged not only by mergers, restructurings, and the incursions of management consultants who have to earn their bread and butter by eliminating mine, but also by robots.
Well, you know what? I don’t think there’s a robot alive or on the horizon who could do my job. Let’s look at it.
Could a robot work long hours under intense pressure on a project only to see it evaporate when senior management turns its gaze to other enthusiasms? Well … I guess so. Robots don’t get frustrated or angry. They don’t have drinks with dinner and fall asleep on the couch, either. They don’t even need to go home! So … fine. Chalk one up for the robots.
Can a robot sit in long meetings without dozing, doodling, or disgracing itself? Okay, yes again. Ah, but could it contribute salient observations to secure its status, drawing on past discussions to make sure that what it said was organizationally consistent and not obnoxious to senior management? Probably. But not with the subtlety or panache that you or I would bring to the job.
Can a robot interject a witticism or bon mot that adroitly lightens the mood? No! On the other hand, it could be stocked with a bank of jokes to deploy during silences. Such cybernetic jests would probably be even funnier than when cracked by a human being, especially the ones I know.
What about sucking up? I think I have the edge here. I know that when an elevator says, “Have a nice day,” it means nothing to me. So it’s possible that jobs that support executives with big egos are still safe.
How about management skills? Could an android listen to the whining, requests for advancement, and entreaties for guidance and affection that pour from subordinates? Sure it could. Frankly, all that would be easier on the robot than it is on me.
Certainly, a robot cannot schmooze. I can’t imagine a sales robot, for instance. And it won’t be able to enjoy a sausage sandwich with the guys, or forge a bond with its colleagues over a vat of martinis after work. Although I guess you could program a robot to get progressively more stupid and inappropriate. A drunk robot would probably be more entertaining than half the guys I know.
What about passion, dedication, loyalty? Can a robot provide those? No! On the other hand, it’s easier to retire a robot when its day is done. You just throw it on the junk heap … the way they did to Bob Podorsky, who used to head up the Northwest sales operation until last month …
I’d say this appears to be a tie.
The Institute for Emerging Ethics and Technologies reports that professor Kevin Warwick of the University of Reading, U.K., “took that bold step to implant a BrainGate device onto his median nerve in his forearm to be able to control electronic devices” not too long ago, effectively taking the first step in merging man and machine. I don’t think that’s a bad direction to go. Wire me up. I don’t know about you, but I don’t want to be replaced until I’m ready to go back to being a human being full-time.
This story is from the February 25, 2013 issue of Fortune.
Follow Stanley Bing at stanleybing.com and on Twitter at @thebingblog.
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There's no way an automaton could do my job. Is there?
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http://www.thepostgame.com/blog/dish/201506/cam-newton-nfl-knockerball-carolina-panthers-football
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Cam Newton Continues To Play Knockerball, And He's Really Good At It
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20150616200808
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Cam Newton knows it may not be the best idea for him to continue playing "Knockerball," but by the looks of it, the game is just too fun for the Pro Bowl quarterback to quit.
For those who aren't familiar, Knockerball is a game in which two people put on heavily padded plastic balls and run full force at each other. Here's Newton playing a few months ago:
It's not hard to see how someone could get injured playing Knockerball. And if that someone was a franchise quarterback who recently signed a $100 million contract extension, well, there are more than a few people within and outside the Carolina organization that might be upset.
Nevertheless, Newton was spotted playing Knockerball recently at his first annual "Kick It With Cam" kickball tournament in Charlotte. He can be seen in this video going head-to-head with Carolina Panthers wide receiver Corey Brown.
Newton better hope Brown doesn't hold that hit against him come football season.
And this next hit is even worse. Newton crushes some poor soul so hard that his or her shoe falls off:
It's clear Newton is having a blast while destroying the dreams of his Knockerball opponents, and at 6-foot-5 and 250 pounds, he probably wins more than he loses. But considering that during the past 15 months he's had ankle surgery and fractured his ribs in a car accident, some think he should avoid anything that might result in another injury.
ESPN's David Newton in April asked the Panthers' organization what it thinks about Newton playing Knockerball. Their response wasn't exactly a ringing endorsement:
"We have no comment. Thanks."
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Barbershop Crew Struggles With Hockey
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Cam Newton knows it may not be the best idea for him to continue playing "Knockerball," but by the looks of it, the game is just too...
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http://www.9news.com.au/world/2014/01/22/13/22/soap-operas-blamed-for-venezuela-crime-by-president-nicolas-maduro
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http://web.archive.org/web/20150620080212id_/http://www.9news.com.au/world/2014/01/22/13/22/soap-operas-blamed-for-venezuela-crime-by-president-nicolas-maduro
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Soap operas blamed for Venezuelan crime wave
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20150620080212
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The recent bloody murder of a Venezuelan beauty queen has prompted the South American country's leader to identify a culprit for the soaring crime rate: soap operas.
President Nicolas Maduro accused "telenovelas" of spreading "anti-values" that glamorise violence, drugs and crime in his recent state of the union speech, reports the Associated Press.
He particularly targeted the popular soap De Todas Maneras Rosa, also known by its international title Love Gone Crazy, which features a psychopathic former beauty queen who fatally poisons her own mother.
Television and anti-violence advocates rubbished Maduro's claims, arguing he is trying to distract from the real causes of crime while tightening government control on the media.
Pressure has mounted on authorities to crack down on violent crime after the January 6 murder of former Miss Venezuela Monica Spear and her husband in front of their five-year-old daughter.
Armed men approached the family's car after it broke down on a highway then opened fire on the vehicle.
The United Nations ranks Venezuela's homicide rate as the fifth highest in the world.
Anti-violence groups have estimated that the homicide rate is as high at 79 deaths per 100,000 people, but the government – which hides official crime statistics – claims it's 39 per 100,000.
Australia's homicide rate is 1.2 deaths per 100,000 people, according to the Australian Institute of Criminology.
Maduro has previously pinned Venezuela's crime on video games and the idolisation of superheroes, particularly Spider-Man.
Do you have any news photos or videos?
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Venezuela president Nicolas Maduro blames soap operas on soaring homicide rate following the murder of beauty queen Monica Spear.
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http://www.people.com/article/johnny-depp-selling-france-home
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http://web.archive.org/web/20150621070548id_/http://www.people.com:80/article/johnny-depp-selling-france-home
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Johnny Depp Lists France Home For $27 Million : People.com
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20150621070548
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Alexander Kraft of Cote d'Azur/Sotheby's International Realty; Kevin Winter/Getty
06/19/2015 AT 06:00 PM EDT
Twelve rooms, twelve baths and a legend. Yours, for only $27 million.
near St. Tropez, has gone on sale.
Bought by Depp in 2001,
, the estate is a small village of its own comprising more than a dozen buildings, including a main house, several guest cottages, a chapel, a café and workshop/garage.
Alexander Kraft of Cote d'Azur / Sotheby's International Realty
According to Sotheby's France chairman Alexander Kraft: "Johnny has decided to sell the Plan de la Tour property to close this chapter of his life and move on. He hopes that someone else will enjoy the property as much as he did and bring him or her the same happiness it brought him."
The property is a short walk away from the village of Plan de la Tour in a well-forested area of southern France. If you need to borrow a cup of sugar,
's estate is just 25 miles away.
Alexander Kraft of Cote d'Azur / Sotheby's International Realty
and their children, Lily-Rose and Jack, spent a large portion of the summers in the house.
It is an unusual property to say the least. Besides the 200-year-old stone buildings which are largely open plan, there are acres of olive trees, planted hillsides, a vegetable garden, fountains, two swimming pools – one surrounded by its own beach bar – and a skateboard park. Depp himself decorated the house and it's being sold as-is, contents and all.
Alexander Kraft of Cote d'Azur / Sotheby's International Realty
According to Sotheby's, "as a consequence, the estate is not a ritzy showplace, but an utterly charming family home that truly reflects Johnny Depp's unique character and taste. Its enchanting bohemian atmosphere sets it apart from many other major estates in Southern France and makes it truly one-of-a-kind."
Alexander Kraft of Cote d'Azur / Sotheby's International Realty
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The 37-acre estate boasts two swimming pools, a chapel, and a café & restaurant
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http://www.thepostgame.com/blog/throwback/201503/happy-birthday-jerry-sloan
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http://web.archive.org/web/20150628172813id_/http://www.thepostgame.com/blog/throwback/201503/happy-birthday-jerry-sloan
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Happy Birthday, Jerry Sloan
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20150628172813
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Gerald Eugene "Jerry" Sloan was born March 28, 1942.
Sloan was a mainstay for the Utah Jazz, coaching there from 1988 to 2011. He's one of three coaches all time to win 1,000 games with one team.
He led the Jazz to 15 straight playoff appearances from 1989 to 2003. He took the Jazz, led by John Stockton and Karl Malone, to NBA Finals appearances in 1997 and 1998.
He was honored by the Jazz in 2014 with a banner-hanging ceremony.
Sloan also played in the NBA himself, spending time with the Baltimore Bullets and Chicago Bulls in 12 years. His No. 4 was the first number to be retired by the Bulls.
Alex Morgan Quizzed On Canadian Lingo
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Gerald Eugene "Jerry" Sloan was born March 28, 1942.
Sloan was a mainstay for the Utah Jazz, coaching there from 1988 to 2011. He's ...
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http://fortune.com/2013/08/05/despite-chaos-in-pcs-chipmakers-are-feeling-optimistic/
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Despite chaos in PCs, chipmakers are feeling optimistic
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20150629151013
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FORTUNE — While the chips were down — or rather flat — in 2012, the global purchasing of semiconductors could see growth in 2013 as the world’s top electronic brands ramp up spending. Apple and Samsung are now contending to claim the title of biggest spender.
That is good news for chipmakers in particular. The total market for semiconductor spending by major original equipment manufacturers could rise to $265.2 billion this year, up 4.2% from $254.4 billion last year according to analytics provider IHS. More importantly spending by the end of 2013 is forecast to be at the highest level in six years.
The market recovery comes even as the PC sector continues to lag. In fact, the PC market still continues to drag down other products with it. “It is a pretty weak year for chip sales in the PC sector,” says Shane Rau, research vice president for computing semiconductors at IDC. “It isn’t just PCs and servers, but all the other devices such as printers and monitors. The big story is that people are still being careful about their corporate and personal purchases.”
MORE: Finally, web IPOs have something to Yelp about
China, which is now the world’s biggest market for PC shipments, will continue to account for a significant portion of the PC-related chip spending even as the overall global computer market looks soft.
IDC is forecasting low single-digit growth to a mid-single-digit decline in this sector, however chipmakers could see growth from other areas. The greatest share of the spending will, not surprisingly, come from mobile. This is where Apple AAPL and Samsung currently dominate. According to IHS. wireless alone is forecast to account for 26% — approximately $62 billion — of the total market. Moreover wireless is also expected to be the highest growth market in 2013 with a projected expansion of 12.8%.
For chipmakers there is good news in all this. “What we are seeing is what happens now happens first in mobile and trickles down to other products,” says Paul Gray, director of TV electronics research at NPD Group. “What we’ve seen is that things have gotten very difficult for chipmakers as industries plateaued off a bit. There has been a general shaking out as the PC and TV industries began to peter out with sales.”
MORE: How the ITC forced a veto in the Samsung-Apple patent case
Things are beginning to turn around, thanks to mobile and tablet devices. “Things are flowering again, but it means a new landscape, and for some chipmakers once you are out you stay out,” Gray says. “Sooner or later the realization dawns on those chipmakers that they are so far behind in the market that there is little they can do, and they have to find other niches or look at something else. Some makers are aggressively looking at whether there is a sustainable profit in this business or quietly finding a way out of it.”
While Apple and Samsung will top rankings, the roster of companies will also include Hewlett-Packard HPQ , Lenovo, Sony SNE , Dell DELL , Cisco Systems CSCO , Panasonic, Toshiba, and Asustek Computer. Some of these companies are thus also both chipmakers and chip vendors, and some of these companies are up, some down. “Dell and Sony are declining in chip spending, which is essentially flat,” says Myson Robles-Bruce, senior analyst for semiconductor spend & design activity at IHS. “Lenovo will do very well as they’ve been able to diversify to other platforms, but HP is down by 8% this year and is struggling because of dependence on computer platforms.”
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A surge in mobile devices is helping offset the decline of desktop computers.
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http://www.bostonglobe.com/arts/movies/2015/06/25/eden/oiWRffLTFO7nPOJx4Ez2ZN/story.html
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http://web.archive.org/web/20150630024110id_/http://www.bostonglobe.com:80/arts/movies/2015/06/25/eden/oiWRffLTFO7nPOJx4Ez2ZN/story.html
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‘Eden’ looks at the life and times of a Parisian DJ
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20150630024110
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Everybody loves a good story; too bad it’s so rarely experienced in life. Instead, real life is more like the ebb and flow of sensation, mood, and desire captured in “Eden” (named after the biblical lost paradise and a ’90s French fanzine), Mia Hansen-Love’s kaleidoscopic, fictionalized rendition of her brother (and co-writer) Sven’s career as a techno music DJ. One minute it’s 1992 and you’re a teenager submerging into the strobe-lit, ecstasy-laced, pulsing ephemera of the Parisian rave scene. Then it seems like just a couple of hours have passed and it’s 2013 and you’re pushing 40 and wasted, racked by regret and flunked aspirations but pumped with memories and still raring to go.
Come to think of it, that kind of life might be better than a story. Along with Bertrand Bonello and his “Saint Laurent” (2014), Hansen-Love has entered the solipsistic time-space continuum of an artistic sensibility and let us in for the ride of a lifetime.
A somewhat less epochal lifetime than that of Saint Laurent, though — like his real-life counterpart Sven, Paul (Félix de Givry) dedicates his life to playing the music of other people. Enraptured by electronic dance music and particularly the more melodic, melancholy offshoot known as French Touch, Paul and his pal Stan (Hugo Conzelmann) form a DJ duo called Cheers after the perennial TV show with its time capsule of a bar. They surge in popularity, make it briefly to New York, and are late to recognize when they have gone out of style. Ecstasy gives way to coke and a destructive habit Paul hides from a long-suffering mother (the great Arsinée Khanjian) who bemoans his lifestyle but always comes through with a check. Transient lovers come and go, including a potential keeper played by Greta Gerwig; someone commits suicide, other friends vanish and reappear. Even the pair of acquaintances who become the popular band Daft Punk periodically cross his path, their success reminding Paul of his own stagnancy and downward trajectory.
The wife of French director Olivier Assayas, who cast her in “Late August, Early September” (1998), Hansen-Love has made a film that resembles in some ways Assayas’s bildungsroman “Something in the Air” (2012) with its elliptical narrative and integral soundtrack. But unlike “Something in the Air,” or even “Saint Laurent,” “Eden” is utterly apolitical. In the opening scene young Paul and a crew of fellow wastrels wander through the darkness and descend into the garish lights and pounding sound of what turns out to be a rave party in a submarine. But Paul walks out and spends that night and every night thereafter alone, in his own airtight shell, as he drifts heedless of the sea around him.
• ‘Inside Out’ is Pixar’s strongest work in ages
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• ‘Me and Earl and the Dying Girl’: indie charmer or hipster pretender?
• ‘The Wolfpack’ is a tale of six boys raised in the dark
• Lose yourself in mystifying ‘Jauja’
• ‘Jurassic World’ treads largely familiar ground
• ‘Farewell Party’ celebrates the value of life — and death
• ‘Losing Ground’ regains momentum
• The right heroine makes all the difference
• Reflecting on the comic hopelessness of mankind
• The drama in ‘Aloft’ never warms up
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“Eden” review: You don’t have to love house music to be carried away by writer-director Mia Hansen-Løve’s dip into the two-decade stream-of-consciousness of an obsessive Parisian DJ.
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http://www.people.com/article/ben-affleck-jennifer-garner-divorce-last-months-marriage
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http://web.archive.org/web/20150701053543id_/http://www.people.com/article/ben-affleck-jennifer-garner-divorce-last-months-marriage
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Their Last Few Months of Marriage : People.com
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20150701053543
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Ben Affleck and Jennifer Garner
06/30/2015 AT 06:35 PM EDT
Even as their marriage was about to crumble,
made sure to stand united in public, and privately spent time together with their three children. But the strain was increasingly obvious.
Earlier this month, the couple – who
that they were divorcing after 10 years of marriage – were spotted with their daughters Violet,9, and Seraphina, 6, on one of their frequent trips to the Pacific Palisades Farmer's Market. "They looked miserable," an eyewitness says. "They didn't speak the entire time. They looked like they were only trying to be around each other for the girls."
The couple, seemingly happy last fall when Affleck, 42, jokingly pulled Garner, 43, into a swimming pool during his
. But they in fact spent the last several months mostly apart. A source told PEOPLE that Garner called off plans to bring the kids to Detroit last summer while Affleck was filming
Although Garner stood by her husband's side at a
in late March, buzz about trouble in their marriage picked up soon after, when Affleck was spotted solo and without his wedding ring in Canada. The photo, taken on April 17, was also the same day as Garner's 43rd birthday. Behind the scenes, the couple were quietly talking to divorce lawyers, sources confirm.
– both with their hands tucked in their pockets – strolling in their L.A. neighborhood.
In between trips out of town – Garner has also been filming
in Montreal, while Affleck has worked on post-production for
– the couple stepped out again to
the end of the school year earlier this month.
They marked their 10th wedding anniversary on June 29 – but announced their plan to divorce the next day.
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The couple showed signs of strain in their last months before divorcing
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http://www.people.com/article/kendra-wilkinson-divorce-hank-baskett-not-a-question-video
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Kendra Wilkinson Says Hank Baskett Divorce Was 'Not Even a Question' : People.com
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20150702032232
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07/01/2015 AT 01:40 PM EDT
had just given birth to her second child with husband
, their marriage was rocked by
that threatened to tear them apart.
One year later, the former
about how she and her husband are back on track following his alleged affair, and why divorce was "not even a question."
Though she admits there were "tough times," Wilkinson, 30, was determined to work through her trust issues with Baskett, 32, and knows that her children –
, 13 months – will be better off for it.
"Of course everybody's going to go through tough times in life. It's how you deal with it," the reality star tells PEOPLE Now, adding that her children see how in love and happy their parents are.
"Right now, Hank and I are in the best place. ... We're a happy family. One day, they're going to know that we went through some struggles, but they're going to be proud of us for sticking through those struggles, right? That's all that matters."
Adds Wilkinson, "Giving up our marriage and giving up our friendship and our love for each other is not even a question. It's not even a real thing, you know? We fight for each other."
Having recently celebrated her 30th birthday, Wilkinson tells PEOPLE that between her time in the Playboy mansion, getting married and having children, "I lived the best twenties I could have ever lived."
She says she's entering a new decade a more forgiving person: "I feel very special entering my thirties now knowing the true definition of forgiveness. never knew what forgiveness meant until now, and I think that's the most powerful feeling that I've ever felt in my life."
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"One day, [our kids] are going to be proud of us for sticking through those struggles," Wilkinson tells PEOPLE
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http://www.9news.com.au/world/2015/07/08/01/43/russian-police-launch-safe-selfie-guide
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http://web.archive.org/web/20150709011509id_/http://www.9news.com.au:80/world/2015/07/08/01/43/russian-police-launch-safe-selfie-guide
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Russian police launch 'safe selfie' guide after deaths
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The selfie safety guide from Russian authorities.
Russian police have launched a campaign urging people to take safer selfies after around 100 were injured and dozens died this year in gruesome accidents while striking high-risk poses.
"A cool selfie could cost you your life," the interior ministry warned in a new leaflet packed with tips such as "a selfie with a weapon kills".
That warning comes after a 21-year-old woman in Moscow accidentally shot herself in the head in May while taking a selfie while holding a pistol.
She suffered head injuries but survived.
That was just one in a string of recent selfie-related accidents.
In January, two young men blew themselves up in the Urals while taking a selfie holding a hand grenade with the pin pulled out.
The mobile phone with the selfie survived as a record.
In May, a teenager in the Ryazan region died while attempting to take a selfie as he climbed on a railway bridge and accidentally came into contact with live wires.
"Unfortunately we have noted recently that the number of accidents caused by lovers of self-photography is constantly increasing," said Yelena Alexeyeva, an aide to the interior minister.
"Since the beginning of the year we are talking about some hundred cases of injuries for sure."
Selfies have also led to "dozens of deadly accidents," she added.
"The problem really exists and leads to very unfortunate consequences."
Hence the new campaign, which includes the leaflets, a video and online advice on the ministry's website.
The campaign uses warning signs in the style of road signs to drive its message home, although its basic graphics appear unlikely to appeal to teenagers.
A figure holding a selfie sticks wanders on a rail line in one image.
"A selfie on the railway tracks is a bad idea if you value your life," the leaflet says.
In another of the warning signs,, a figure clambers on an electricity pylon, while taking a selfie.
The ministry has also created a public safety video, set to a driving beat.
It includes spectacular images shot by Russia's youth subculture of "roofers" - who illicitly sneak into high-rise buildings and snap themselves on the top, their photos often going viral on social networking sites.
Do you have any news photos or videos?
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Russian has put out a safety guide on taking selfies after a spate of deaths and injuries caused by risky behaviour in order to get a cool shot.
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Disney Is Making a Live Action Movie of Prince Charming : People.com
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Prince Charming in the 1950 film Cinderella.
07/07/2015 AT 09:45 AM EDT
Prince Charming is moving from love interest to leading man.
The classic character, who played supporting roles in animated Disney fairy tales such as
, will headline his very own
live-action comedy from the studio, according to the
Matt Fogel wrote the script, and Mandeville Films and Tripp Vinson will produce the film.
says the story is actually told from the point of view of Prince Charming's brother, who never lived up to the family name.
There has been no casting news for the movie yet, though presumably there would be no shortage of hunky young Hollywood actors lining up for the part.
Disney has had great success with live-action reboots of classic fairy tales, including
played Prince Charming opposite James's title character in
The studio is also working on other live-action fairy tales, including
, Dan Stevens and Luke Evans – as well as
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The film joins a long list of the studio's reimaginings of classic fairy-tale stories
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Ultron and Ant-Man
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If you’re a true “Avengers” diehard, you might be celebrating the sequel’s arrival by catching the special double feature playing at various multiplexes on Thursday, with the first movie and “Age of Ultron” screening back to back. That is, unless you’ve got tickets (and a case of Red Bull) for the 29-hour, 11-movie marathon of every “Avengers”-related movie to date. But maybe Marvel should also consider putting “Age of Ultron” on a double bill with its July release “Ant-Man,” given the close comics connection between the two characters.
“Ant-Man” stars Paul Rudd as Scott Lang, a thief who turns hero when he dons a high-tech suit that allows him to shrink in size but increase in strength. The technology’s inventor is scientist Hank Pym (Michael Douglas) — in the comics, the first Ant-Man, one of the original Avengers, and, yep, Ultron’s creator, in an issue from way back in 1968. (Onscreen, Robert Downey Jr.’s Tony Stark is the one who misguidedly builds the hyperintelligent killer robot, voiced by James Spader.)
And Pym’s influence goes on: In both this week’s sequel and the comics, Ultron is inextricably linked to the creation of the Vision (Paul Bettany), a red-skinned “synthezoid” who soon joins the Avengers. In print, the Vision has long been a fixture of the group, even serving as the visual on the comic’s masthead throughout the ’70s. Pretty big ripple effect coming from a guy the size of a bug.
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Maybe Marvel should also consider putting “Age of Ultron” on a double bill with its July release “Ant-Man,” given the close comics connection between the two characters.
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Inside the Split : People.com
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Jennifer Garner and Ben Affleck
07/08/2015 AT 08:00 AM EDT
's marriage, few in the former couple's inner circle were surprised to hear the news.
"They have both been very open about their marriage struggles," one friend tells PEOPLE in this week's cover story. This split, says another pal, "was inevitable. If there's any surprise, it's how long it took to happen."
So what was the breaking point? According to a longtime friend of the actress, Affleck recently came to Garner "and told her he had not been committed to the marriage within the past few years," her friend says. "Jen is a fighter. She would not give up unless there was a good reason."
Several sources close to Garner also say that allegations of infidelity (which Affleck vehemently denies) and other troubling behavior, including
, took their toll on the marriage. "She loved Ben," says another close friend. "But there comes a time when you have to say enough is enough and take care of yourself."
Other sources insist the split was mutual. "Saying he's a bad father and a husband is an easy story, and everyone has wanted to clock him as a womanizer and gambler," says a source close to both. "He couldn't deal with her expectations. When you're told you're not good enough, you start to believe it."
For now, the two have work commitments to keep them busy: Affleck plans to
this weekend in San Diego to promote
, while Garner is in Atlanta to begin production on her next film,
Friends agree the two will remain united when it comes to co-parenting their three kids, Violet, 9, Seraphina, 6, and Sam, 3, who are currently with Garner.
"It's nice to at least try to move in a positive direction with your life," says the source close to the couple. "It's not happy, it's not easy, but it's nice to look forward."
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Friends of the soon-to-be exes agree the split was "inevitable"
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Peter Schiff calls bitcoin bubble tulip mania 2.0
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The Winklevoss twins may say that bitcoin resembles "gold 2.0," but CEO of Euro Pacific Capital and Peter Schiff says the somewhat mysterious online currency more closely resembles tulip mania 2.0.
"A bubble is a bubble," he said. "And there's a bubble in bitcoins."
Schiff was responding to comments made by Tyler and Cameron Winklevoss, who have invested a great deal in bitcoins and are attempting to start a bitcoin exchange-traded fund. (They also happen to be well-known for suing Mark Zuckerberg over the creation of Facebook.)
On Tuesday's "Squawk Box," Cameron Winklevoss said that "some definitely view it as gold 2.0," adding, "In terms of a store of value, it definitely has the properties of gold, and people are viewing it that way."
(Read more: Winklevosses: Bitcoin worth at least 100 times more)
But on the Tuesday episode of "Futures Now." Schiff, a longtime investor in gold, literally laughed at the comparison.
"I don't see bitcoins as an alternative to gold," he said. "If anything, [the creators of bitcoin are] modern-day alchemists, but you can't make gold digitally. It's no better than a fiat currency."
Schiff said that what he does see in the peer-to-peer currency—whose value has risen from $13.50 in January to $375 on Tuesday—is a bubble.
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The Winklevoss twins compare bitcoins to gold, but gold lover Peter Schiff calls that hogwash.
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Ronda Rousey Gears Up For Bethe Correia Match By Sparring Against Men
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Since her last UFC match, a 14-second wipeout of Cat Zingano on Feb. 28, Ronda Rousey has been quite busy with the show-biz aspect of her career. In addition to a surprise cameo at WrestleMania, Rousey was also on the media circuit to promote her appearances in "Furious 7" and "Entourage."
But play time is over. Rousey is back in training for her August 1 bout against Bethe Correia, and she has additional motivation: Correia made a crack about how she hopes Rousey doesn't commit suicide after their match. Rousey's dad committed suicide when Ronda was 8, so it was a sensitive subject.
Whether Correia's comment was an honest mistake of not knowing about Rousey's dad (dubious but possible) or a calculated move to generate buzz for the event, it is an easy hook to pull fans into this matchup. For her part, Rousey is doing some nice salemanship with Instagram videos of her sparring against men in preparation:
Here is the official promo video from UFC:
Chargers DE Corey Luiget's Africa Trip
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Ronda Rousey: Outside The Octagon
Since her last UFC match, a 14-second wipeout of Cat Zingano on Feb. 28, Ronda Rousey has been quite bus...
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NYC officials want high-sodium warning on menus
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NEW YORK — New York City could become the first city in the US to require a warning label on high-sodium menu items at chain restaurants, health officials told said Tuesday.
The city’s Health Department will propose Wednesday that all chain restaurants add a symbol resembling a salt shaker on menus next to food products that contain more than the recommended daily limit of 2,300 milligrams of sodium, equal to about 1 teaspoon of salt.
Sodium increases the risk of high blood pressure, which can lead to heart attack and stroke. Studies have found that the vast majority of dietary salt comes from processed and restaurant foods. But average sodium consumption is about 3,400 milligrams of sodium each day. Only about one in 10 Americans meets the 1 teaspoon guideline.
‘‘This doesn’t change the food. It enables people to identify single items that have a level of salt that is extremely high,’’ said Dr. Mary Travis Bassett, commissioner of the New York City Department of Health and Mental Hygiene. ‘‘So that they can modify their menu selections accordingly.’’
The proposal will be introduced at the city’s board of health meeting. If the board votes to consider the rule, it will move to a public comment phase before a final vote in September. The department hopes the sodium warnings will appear on menus by December.
The salt-reduction campaign is part of Mayor Bill de Blasio’s goal to reduce premature mortality by 25 percent by 2040, health officials said.
Michael Jacobson, executive director for the Center for Science in the Public Interest, a Washington-based advocacy group, called it ‘‘an extremely important proposal.’’
‘‘High sodium levels are probably the biggest health problem related to our food supply,’’ Jacobson said. ‘‘New York City is showing true leadership in doing what it can do to lower sodium levels in restaurants by highlighting to consumers the dishes that are the most outlandishly high in sodium.’’
Still, he called it a conservative approach, given that items would only get special labels if they have a full day’s worth of sodium. A meal with even half that amount would still have too much salt, he said.
Marion Nestle, a food policy expert at New York University, said the proposal might encourage restaurants to help figure out ways to cut down on salt.
‘‘The big problem here is nobody wants to go first. Food companies don’t want to start reducing their salt unless everybody else does,’’ Nestle said. ‘‘That’s why we need regulation in my view.’’
The head of the Salt Institute, a trade association for salt producers, called the proposal ‘‘misguided’’ and based on old information.
‘‘The symbol is based on faulty, incorrect government targets’’ that have been discredited by research over the last decade, said the group’s president, Lori Roman. ‘‘They’re too low ... and if followed, could actually harm people.’’
Last year, a large international study questioned the conventional wisdom that most people should cut back on salt, suggesting that the amount most folks consume is OK for heart health.
The study followed 100,000 people in 17 countries and found that very high levels of salt were a problem, especially for people with high blood pressure, but that too little salt also can do harm. Other scientists have disagreed about the need to cut back on sodium, saying most people still consume way too much.
Bread and rolls are the No. 1 source of salt in the American diet. They represent 7 percent of the salt that the average American eats in a day, according to a 2012 study by the Centers for Disease Control and Prevention. The US Food and Drug Administration has been pressing the food industry to voluntarily reduce sodium content and is working on new sodium guidelines.
Salt reduction has been the focus of public health campaigns. For years, New York City and other groups have been trying to persuade food manufacturers and chain restaurants to reduce salt content by more than 50 percent over the next decade. The Centers for Disease Control and prevention and other federal agencies have had sodium-reduction talks with food companies.
Under former Mayor Michael Bloomberg, the city led development of salt-reduction targets for various table staples and got companies to start commit to them voluntarily, starting in 2010.
While many companies said they were able to shrink the salt without customers complaining — or sometimes even seeming to notice— that wasn’t always the case. The Campbell Soup Co. reversed course two years after announced in 2009 that it was lowering salt in half its soups; the company said it brought back some higher-sodium soups out of concern about the taste.
New York City made a series of groundbreaking healthy-eating moves during Bloomberg’s tenure: banning trans fats from restaurant meals, forcing chain eateries to post calorie counts on menus and trying, unsuccessfully, to limit the size of some sugary drinks. While city officials and health experts hailed the initiatives, some critics saw them as nannyish.
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New York City could become the first city in the US to require a warning label on high-sodium menu items at chain restaurants, health officials said Tuesday.
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More than 200 migrants feared drowned off Italian coast
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Authorities say more than 200 people are missing off the Italian coast. (AAP - file)
More than 200 migrants are missing after their overcrowded dinghies sank in the Mediterranean, international agencies say, warning that the final toll from the latest boat tragedy could be much higher.
Nine survivors were rescued by the coastguard and taken to the Italian island of Lampedusa, out of more than 200 who had left Libya on Saturday piled into rubber dinghies, the International Organisation for Migration said.
"Nine were saved after four days at sea. The other 203 were swallowed by the waves," the UN refugee agency (UNHCR) spokeswoman in Italy, Carlotta Sami, said on Twitter on Wednesday.
Several thousand people have died trying to make the perilous crossing from north Africa to Europe across the Mediterranean in the last year alone.
The IOM said the surviving migrants from the latest disaster spoke French, so probably came from west African nations such as Ivory Coast and Senegal.
"Because of the bad weather conditions, the two dinghies collapsed and the people fell at sea. Many drowned," IOM spokesman in Italy Flavio Di Giacomo said.
The organisation's spokesman in Geneva Joel Millman said information was coming in about other stricken boats and warned that the overall toll "could easily triple by the end of the day".
Di Giacomo said the latest victims had left from a beach near Tripoli along with another dinghy also carrying more than 100 migrants plucked from their distressed boat by the Italian coastguard early Monday.
Twenty-nine of them died of exposure in horrific conditions in international waters but humanitarian organisations said it was an avoidable tragedy.
Their small boat was hopelessly ill-equipped to cope with waves up to eight metres high, gale-force winds and torrential rain.
But doctors involved in the rescue operation believe more would have survived if they had been rescued by a large military vessel rather than the small patrol boats that were sent to their aid.
Do you have any news photos or videos?
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More than 200 migrants are missing feared drowned in the Mediterranean when two boats sank after leaving Libya.
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State unemployment rate unchanged at 4.6 percent
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Massachusetts added 10,500 jobs last month, the 10th straight month of gains, the Massachusetts Office of Labor and Workforce Development said Wednesday.
The unemployment rate held steady at 4.6 percent in June, its lowest point since before the recession began in 2007. Over the past year, the state has added a net total of 72,700 jobs, state figures show.
The biggest job growth reported was the professional, scientific, and business services sector, which added 5,200 jobs. Over the past year, about 3 out of every 10 jobs added in Massachusetts were in the sector, which includes many jobs in the state’s booming biotech industry.
“These numbers inthe past several months have been astoundingly good, and the employment growth now is chugging along at the same pace it was in the expansion of the ‘90s,” said Alan Clayton-Matthews, a Northeastern University economist who aggregates data on the Massachusetts economy.
Clayton-Matthews said several indicators suggest the strong job growth isn’t a fluke. The unemployment rate, which is measured by surveying households instead of job creators, has remained low, and state tax collections have continued to grow. In the past year, a three-month moving average of payroll tax revenue has risen 9 percent, said Clayton-Matthews, although he noted that such collections could vary significantly from one month to the next.
All of last month’s job gains came in the private sector, state figures showed. Governments cut 200 jobs in Massachusetts. The job growth estimate for May was also revised downward, from from 7,400 jobs added to 5,200.
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The state added 10,500 jobs in June, half of them in the professional, scientific, and business services sector.
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Warner Bros. Releases New Trailer with Hugh Jackman as Blackbeard : People.com
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07/16/2015 AT 11:35 AM EDT
Get ready to to be a kid all over again.
that offers a tantalizing glimpse into
In this all-new tale, fans of the beloved J.M. Barrie story about the Boy Who Never Grew Up learn that Peter (Levi Miller) was once seemingly BFFs with future mortal enemy James Hook (
) and together fought the evil pirate Blackbeard (
, seen here with a sinister twinkle in his eye) to save Neverland.
"This isn't the story you're heard before because sometimes friends begin as enemies and enemies begin as friends," says a voice-over in the new trailer, as we see a group of stars in the shape of a crocodile swallow a familiar-looking hook in the sky.
Peter befriends warrior Tiger Lily (
, who at one points rocks some impressive headgear) who aids him on the journey, and a shimmering fairy in the sky gives us only a hint of the Pan's loyal sidekick Tinkerbell.
The real drama in the trailer comes as Hook and Tiger Lily look peaceful in a nest-like raft floating in Mermaid Lagoon, until their tranquility is later spoiled by a seriously-scary oversized crocodile who leaps over the duo and Peter.
"Holy puddy," Peter cried in a terrified awe – and we couldn't agree more.
flies into theaters October 9.
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The Boy Who Never Grew Up and Hook are friends in this all-new Peter Pan origin story
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Overworked? It might be your own fault
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Early in his career, Jeremy Decuyper completed an internship at an investment bank in London, where it was the norm to work long hours.
He was exhausted after only three months, but the experience was formative. "I got much more clear on what kind of professional I want to become and which jobs I want to do,” said Decuyper, who is now a senior financial analyst at Coca-Cola in Brussels.
Now, with a few more years under his belt, and as a father of young children, ages 2 and 4, Decuyper has developed strategies that allow him to leave the office no later than 18:15 each day.
"I understand what matters for me,” he said. ”I want to be present for my kids, hear about their day and tell them about mine.”
Many people who long for more manageable days find they can’t make it happen because their workload continues to increase incrementally. They are victims of something known as scope creep. It starts almost without them noticing. Often, after agreeing to carry a heavier burden once or twice, they are subsequently the first person asked to take on extra work — even if it's on weekends, late at night or during vacation. The result? Those additional tasks become part of their regular job.
But is it their own fault? People who constantly face scope creep may have trouble setting boundaries. Of course, there are occasions when, if the boss asks for something, your answer should always be “yes”. But sometimes you can and should respond with a resounding "no."
Brad Worthley, a customer service, leadership and motivational consultant near Seattle in the US, said scope creep at the office may be a consequence of a low self-esteem. "If you've got low self worth, you overwork, you overdo," he said.
Strategy: Drop the pleaser mentality
A characteristic common to those who fall victim to scope creep is something simple: they are pleasers.
"The unfortunate part about being a pleaser is you want everybody to love you, respect you, you want to remove work for others. You want to take a bullet for the team,” Worthley said. "Unfortunately, by taking work off others' plates, you are robbing others of learning, self-discovery, confidence, praise and recognition. Pleasers think they're helping others by doing everything for everybody.”
In the end, the pleaser mentality can lead to burnout or breakdown, since, inevitably, you won't keep everyone happy. With this high cost in mind, some people are able to manage their pleaser nature better, push back and reclaim their time.
Strategy: Gain control by asking for help
Scope creep can result in feeling out of control and totally overwhelmed. Victims feel incapable of completing a project as the volume of work accelerates. With multiple balls in the air, and more being added, an increasing amount of time is needed just to keep things straight.
A person who is experiencing scope creep may be unable to enforce limits on how much work is humanly possible. The sensation of losing control is exacerbated by fear that something crucial will be overlooked, a project will veer off course, or that a mistake will be advantageous to someone else, while being detrimental to their own career. This is a familiar feeling for freelancers, who might worry that a client will move on to the next freelancer, if they decline an assignment.
Younger workers, too, can have trouble admitting they need help, said Marie-Anne Reynell, the director of development at the School of Education and Psychology at the University of Navarra in Pamplona, Spain.
"On a lower level on a team, people are very scared to put their position in jeopardy. So, they take on too much and don't say anything. It actually leads to very negative reactions within a team because they get overtaxed, they get snappy and it breaks communication."
Reynell recommends being up front and not being afraid to ask for help when you need it. It’s certainly a better option for your reputation than trying to do something above your capacity and not doing it well.
The way your message is conveyed makes a big difference, too. It must be non-confrontational and, if you're turning down extra work, your "no" to the boss must be diplomatic.
"Your managers have to think you're proactive and willing to take on these new projects and think of new solutions, but that you're also realistic about what you can do," Reynell said.
Saying "no" effectively might come down to better prioritising and planning. Decuyper, for instance, used to stay at the office until 19:00 or 20:00 without much consequence, because he and his wife planned around his schedule. But that all changed when children arrived. “Schedules changed and priorities as well,” he said. “This is a personal choice."
He lives out those choices daily, not just as an overall philosophy. Recently, Decuyper had a presentation to deliver to management with about one week to prepare. He didn't want to be stuck at his desk late, so, he organised his schedule and incorporated a realistic amount of time to get the presentation done.
"I asked various meeting organisers if I was really needed at the meeting. If not, I just cancelled the meeting or I tried to merge meetings. I know some people who take all the meeting invites they get,” Decuyper said. “It's always a priority call about what's most important right now."
Cancelling meetings and carving out time is something Decuyper is able to do only because he has worked hard to earn the trust of his colleagues.
"If people trust you, they understand that you are setting a boundary but you will still deliver on your commitments," Decuyper said.
To comment on this story or anything else you have seen on BBC Capital, please head over to our Facebook page or message us on Twitter.
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Do you have trouble saying no? Why we take on too much, and how to stop.
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Brother inspired Niners’ top pick Armstead
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Photo: Marcio Jose Sanchez, Associated Press
San Francisco 49ers first-round draft pick Arik Armstead answers questions during an NFL football news conference Friday, May 1, 2015, in Santa Clara, Calif. (AP Photo/Marcio Jose Sanchez)
San Francisco 49ers first-round draft pick Arik Armstead answers...
Brother inspired Niners’ top pick Armstead
Both Arik Armstead and his older brother, Armond, were two-way high school All-America linemen at Pleasant Grove High in Elk Grove, became starting defensive ends at prestigious Pac-12 programs and landed in the NFL.
The difference: Barring the unforeseen, Arik will be the only sibling to play in an NFL game.
Arik Armstead, 21, was selected by the 49ers in the first round of the draft Thursday night, about 10 months after Armond, 24, was forced to retire from the league because of health issues.
At the combine in February, Arik said he was eager to “carry on that torch” and have an NFL playing career his brother was denied. At his introductory news conference in Santa Clara on Friday, Arik explained his brother’s influence.
“Growing up, I wanted to be like him,” Arik said. “When I started playing football, he was the best player in the city. I idolized him and wanted to grow up and be like him some day and be the type of football player that he was. He went through the recruiting process, played college football, played in the NFL. So it was like going through it twice, really.”
Armond’s medical issues began in March 2011 when he suffered a heart attack at USC, where he started 17 games from 2008-10. He wasn’t medically cleared to play in 2011 and later sued the school: He alleged his heart attack was triggered by doses of the painkiller Toradol given to him by the medical staff (he has reached a settlement with the school).
After he wasn’t selected in the 2012 draft, Armond played in the CFL and his impressive season attracted NFL interest. He was signed by the Patriots in January 2013 but contracted an infection that required surgery in the summer of 2013. It’s not known if the infection is tied to his heart ailment. Armond spent 2013 on the non-football injury list and returned last year to take part in some of New England’s offseason program, but he was forced to retire before the start of training camp in July.
“He’s had a lot of adversity personally that he’s had to deal with — unusual compared to most other players — but he’s always had a great attitude, worked hard and really did everything we asked him to do,” Patriots coach Bill Belichick said at the time. “… Armond is an outstanding young man who has a very bright future in whatever path he chooses.”
Armond has spent part of his time over the past several months helping Arik prepare for the draft.
“He helped me throughout the whole process,” Arik said. “He always told me that I was going to be better than him. He always told me that he wanted me to better than him.”
Eric Branch is a San Francisco Chronicle staff writer.
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Both Arik Armstead and his older brother, Armond, were two-way high school All-America linemen at Pleasant Grove High in Elk Grove, became starting defensive ends at prestigious Pac-12 programs and landed in the NFL. Barring the unforeseen, Arik will be the only sibling to play in an NFL game. At the combine in February, Arik said he was eager to “carry on that torch” and have an NFL playing career his brother was denied. Armond’s medical issues began in March 2011 when he suffered a heart attack at USC, where he started 17 games from 2008-10. After he wasn’t selected in the 2012 draft, Armond played in the CFL and his impressive season attracted NFL interest. Armond spent 2013 on the non-football injury list and returned last year to take part in some of New England’s offseason program, but he was forced to retire before the start of training camp in July. “He’s had a lot of adversity personally that he’s had to deal with — unusual compared to most other players — but he’s always had a great attitude, worked hard and really did everything we asked him to do,” Patriots coach Bill Belichick said at the time. …
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Euro nears 2-year low as ECB's Draghi speaks
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In the interview with Verslo Zinios, Draghi also repeated that the ECB was willing to instigate further stimulus measures if necessary.
"We stand ready to use additional unconventional instruments within our mandate, and alter the size or composition of our unconventional interventions should it become necessary to further address risks of a too prolonged period of low inflation," he was quoted as saying.
Draghi forecast "modest" growth in the second half of this year, despite "weaker than expected" preliminary economic data over the the summer.
He added that heightened geopolitical tensions could dampen business and consumer confidence. But he said sanctions, imposed on, and by, Russia as a result of the Ukraine conflict, had so far had limited impact on the euro zone economy.
Read MoreECB to keep loose policy 'for long time': Draghi
Lithuania is preparing to become the 19th member of the euro area at the start of next year.
At the conference on Thursday, Draghi commended the structural reform efforts of Baltic countries, including Lithuania, which he said had faced "deep recession" not that long ago.
"Lithuania is one of the fastest growing countries in Europe. Last year its GDP grew by 3.3 percent,whereas the euro area's GDP shrank by 0.4 percent. Quite remarkably, Lithuania managed to reboot its economy without any external support," Draghi said.
Draghi said the "Baltic success story" was an important lesson that showed "adjustment is politically feasible."
"Despite major fiscal consolidation, there was hardly any public protest against the government measures...governments not only acted boldly, but also immediately. They used the momentum of the crisis to implement the necessary consolidation and thus managed to convince the public of the need for these measures," he added.
Draghi has repeatedly urged euro zone countries to adopt structural reforms alongside the ECB's aggressive stimulus measures to boost their economies—a message he reiterated in his interview with Verslo Zinios on Thursday.
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The euro neareda 2-year low against the dollar, as the President of the ECB spoke at a conference at the Bank of Lithuania.
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Four Police Dogs Have Died Recently After Being Forgotten in Their Cars : People.com
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Baston, a K9 officer with Savannah State University police
A Georgia K9 officer at Savannah State University died earlier this month after his handler mistakenly left him in a hot car – the second such police dog death in the state this month and the fourth nationwide since mid-June.
Baston, a 7-year-old German shepherd, passed away on July 10 at his handler's home in Rincon, Georgia, after being left in the car for three to four hours, according to police reports.
Authorities say that Baston was forgotten in the back seat of the car after his unidentified handler brought in food to his family at home. The handler then had dinner and fell asleep before realizing he left the K9 in the car. But by the time the handler reached the car, Baston was dead.
The windows had been rolled up and the engine was turned off. Baston was rushed inside and put into a cool bath – but it was too late. Weather reports show temperatures that day reached above 95 degrees.
Baston joined the SSU Police Department in 2010 and helped multiple local law enforcement agencies during his time on duty.
"The Savannah State University family is saddened by the loss of K9 officer Baston," SSU said in a statement to PEOPLE. "He contributed significantly to the safety of all on the SSU campus for the past five years. Baston's skills were also employed to assist surrounding law enforcement agencies and departments."
Baston's death comes within days of the death of another Georgia K9. Zane, a 5-year-old bloodhound with Conyers Police Department,
after being left in his handler's car for about 10 hours, officials told PEOPLE.
K9 officer Zane with handler Cpl. Jerahmy Williams
Zane's handler, Cpl. Jerahmy Williams, had come off a 12-hour shift and felt ill. Breaking his normal routine, he skipped the gym, went straight home and fell asleep, Conyers police spokesperson Kim Lucas said.
Williams discovered his mistake when he woke up, and he immediately called his supervisor, Lucas said. He was placed on paid leaving pending an investigation, but is "completely devastated," she said.
"We fully believe this was a sheer accident," she said.
There are no laws in Georgia that prevent officers from keeping their dogs in the car, according to
. "A law like that would hinder dogs from being effective. They need to be able to be on a scene in minutes," one handler told the station.
Lucas says it's within department regulation to briefly leave a dog in a vehicle as long as it's running – and vehicles such as Williams' are equipped with additional safety measures while the ignition is on, which trigger if the car overheats.
Since mid-June, there have been two other such police dog deaths around the country.
Mason, a 3-year-old "community engagement officer" in Gulf Shores, Alabama, died in on June 18 after being left in the back of a patrol car while on duty. And on June 30, a Stockton, California, K9 named Nitro died after the air-conditioner failed in his police car.
Stockton Police spokesperson Joe Silva shared with PEOPLE what his department is doing to prevent any further K9 deaths.
"Handlers have been directed to leave their K9 partners at home on days the weather forecast calls for 100 degrees or more, until new vehicles are put into service," he said.
Silva also said that while this is the first incident he can recall of this kind at SPD, everyone should take precaution when it comes to leaving anyone or anything in a hot car.
"Everyone needs to remember that dogs are more vulnerable to high temperatures than people," he said. "Animals can sustain brain damage or even die from heatstroke in just 15 minutes."
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One department tells PEOPLE how they are working to prevent future deaths
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By Maria Mercedes Lara and Steve Helling
07/26/2015 AT 10:30 PM EDT
Before the world learned about
spent his Sunday connecting with family members to share the news.
A Brown relative tells PEOPLE that Bobby began contacting loved ones to tell them the news shortly after Bobbi Kristina died on Sunday.
"He is holding it together more than you'd expect," the source said of Bobbi Kristina's grieving father. "He knew it was coming. Of course he's very emotional, but at the same time, he knows that Krissy is in a better place now.
"He is taking comfort in the fact that she's with her mother, and that there will be no more sadness or pain. She is at peace. He knows that, and is taking comfort in that."
from his home in California shortly after
Bodhi Jameson Rein, to continue his vigil by Bobbi Kristina's side.
Bobbi Kristina's death came nearly six months after she was found
in her Roswell, Georgia, home on Jan. 31. She never fully regained consciousness and was being kept on life support following her near-drowning. In March she was
after her condition "continued to deteriorate," Pat Houston said in a statement on behalf of the Houston family at the time.
"We thank everyone for their support and prayers," Pat, who is married to Whitney Houston's brother Gary, said. "She is in God's hands now."
News of Bobbi Kristina's passing was confirmed to PEOPLE via a statement from the Houston family.
"Bobbi Kristina Brown passed away July 26, 2015, surrounded by her family," the statement says. "She is finally at peace in the arms of God. We want to again thank everyone for their tremendous amount of love and support during these last few months."
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Bobby Brown wanted to be the first to tell family members of Bobbi Kristina Brown's death, a Brown relative tells PEOPLE
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After Iran deal, is it time to buy oil?--commentary
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Even if these predictions prove too optimistic in the short-term, Iran holds 10.5 percent of the world's total proven oil reserves, according to OPEC's 2014 Annual Statistical Bulletin, the fourth largest in the world. These reserves are mostly onshore with favorable geology that enables development costs well below global averages. According to National Bank Financial's estimates, Iran's cost of production is $10-$15 per barrel, which is far below deep water, shale and oil sands operations.
Read More Buy this energy stock despite oil slide
Additionally, it is not only Iranian output that is likely to increase. Several OPEC members are already pumping at higher levels than they ever have, yet in amounts still below their maximum capacity. With these countries, notably Saudi Arabia, retaining scope to accelerate production, they will undoubtedly keep the spigots open and attempt to beef up their long-term customer contracts now, in this interim period before the sanctions are removed. For the Iranians to win back market share from prior customers, they may be forced to offer discounted pricing, which could further dampen oil prices.
According to the terms of the nuclear deal, the earliest time that the sanctions could be removed is mid-December. With the steep selloff in oil prices already witnessed in anticipation of this – crude oil prices are down approximately 20 percent in the month of July – any headline news in the fourth quarter about a delay in the sanctions-lifting process could well spark a relief rally, potentially of 5 percent. These gains could be more meaningful in degree and duration depending on where we are at that point in the supply-rebalancing process. Critically, if U.S. production decelerates toward the end of the year – admittedly, a big "if" – the trajectory of prices could re-gear to the upside. .
Read More Oil up after 4-day loss on bets for US stock drop
There's a lot that must still happen before the sanctions are removed, there is indeed an overlooked possibility that sanctions remain in place at the start of 2016. Not only will the legislative review process in the U.S. be messy, but the International Atomic Energy Agency has no small order in ascertaining that enriched uranium stockpiles are reduced, that two-thirds of installed centrifuges are eliminated and that a working monitoring system is in order. After Iran's Supreme Leader Ali Khamenei recently vowed to defy American policies in the region despite the deal, it is clear that Iranian compliance and cooperation cannot be assumed.
Will China stocks burn oil?
In the near-term, the Iran deal will continue to weigh on prices. But by year end, there are more positive pricing implications. If the sanctions are disbanded on schedule, a stronger Iran could result in more geopolitical risk and a stronger oil price. Meanwhile, delays to the sanction removal will provide more time for the world's supply imbalance to self-correct. As a result, by the time that Iranian supplies did eventually reach the market, there would greater demand to absorb those barrels and a minimal downside to price.
Commentary by Tamar Essner, energy analyst at Nasdaq Advisory Services.
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The Iran nuclear deal could help stabilize oil prices and even give them a boost, says Nasdaq's Tamar Essner. But here's what has to happen first.
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Average monthly active users (MAUs)—a key measure of growth for Twitter—came in at 304 million for the quarter, 12 percent higher than a year earlier but only up slightly from 302 million in the previous quarter. About 80 percent of the company's MAUs came from mobile.
The metric—which did not include users who sign up for the platform through text message—fell short of expectations from analysts, who projected 310 million MAUs, according to StreetAccount. Noto added that the company plans to ramp up marketing efforts to stress the platform's value and reach the mass market.
"Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience," said Jack Dorsey, Twitter's co-founder and interim CEO, in a statement. "In order to realize Twitter's full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter's value faster and better communicate that value."
Read MoreFacebook vs Twitter: A tale of two very different social stocks
Dorsey—who took over the post at the start of the month after Dick Costolo stepped down—has said repeatedly that he does not intend to change Twitter's strategy. The company has searched for a new full-time head and Dorsey added in the conference call that it would provide an update when it had "meaningful" news.
"I think that Twitter has an awesome product and Periscope has so much potential but they need management," said Ross Gerber of Gerber Kawasaki, which owns Twitter stock, in a CNBC "Closing Bell" interview Tuesday.
Twitter's advertising revenue rose 63 percent year over year to $452 million, ahead of estimates for about $426 million, according to StreetAccount. Mobile ad sales—a crucial and crowded space—made up 88 percent of that total.
"It's a pretty good story from a company that folks had really dumped on here and had had a tough time of it in almost any metric," said Max Wolff of Manhattan Venture Partners in a "Closing Bell" interview Tuesday. "That being said, it's not enough to turn the story from kind of bad to wonderful, it's just enough to stabilize."
Promoted tweets and videos within those posts helped drive growth, Noto said. He added that engagements with ads grew 53 percent year over year.
The company cut its guidance on full-year capital expenditures to a range of $450 million to $550 million. It was previously set at $500 million to $650 million, according to StreetAccount.
Twitter's projected revenue of $545 million to $560 million in the third quarter fell in line with analysts' expectations of about $556 million. It raised its full-year sales guidance slightly to $2.20 billion to $2.27 billion.
—CNBC's Everett Rosenfeld contributed to this report.
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Twitter's earnings and advertising revenue both topped estimates, but a warning on user growth sent shares negative.
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Vegas expansion bid further proof Coyotes aren't moving there
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Updated JUL 21, 2015 at 4:10p ET
If you needed more proof (you shouldn't have) that the Coyotes are not moving to Las Vegas, the NHL delivered it on Tuesday.
The league confirmed in a press release that it received two applications for expansion franchises prior to the Monday deadline. One came from Quebecor for a franchise in Quebec City; the other came from billionaire Bill Foley for a franchise in Las Vegas.
Even if you have been following the NHL's expansion plans casually, it's been apparent for more than a year that Las Vegas was viewed as an expansion site; not a relocation site. The reason is obvious: The league believes it can secure an expansion fee of at least $500 million from Foley. That's a lot of money to be divided among the league's owners; money they aren't willing to forego to relocate a franchise.
Foley received permission from the NHL to start a season ticket drive, which began in February. At last report, he had secured around 13,000 commitments to purchase season tickets for a team that still has not been awarded.
One surprise in the bid process was the lack of applications from various Seattle groups. Funding and the lack of an NHL-ready arena were the major culprits.
Quebec's new facility is scheduled to open this fall; Las Vegas' new facility will open in the spring of 2016.
The New York Post, citing two unnamed sources, reported last month that Foley would buy the Coyotes and move the team to Las Vegas for the 2016-17 season. Aside from the massive loss of revenue a relocation would cause the league compared to expansion, the Post's timeline also ignored the fact that the Coyotes cannot exercise their out clause with the City of Glendale until 2018 if their losses reach or exceed $50 million.
"The Post was told the story was completely untrue," NHL commissioner Gary Bettman told FOX Sports Arizona in June. "They ran it anyway. The story is garbage. Team is staying put."
Should the City of Glendale win its ongoing legal case with the Coyotes, the out clause would no longer be a factor, but in that case, the Coyotes would first explore the idea of moving to another location within the Valley before considering potential relocation markets.
Las Vegas is not among those markets. Nor is Quebec.
The Glendale City Council met in executive session on Monday, with the Coyotes the presumed topic of conversation. The council is barred from commenting on executive sessions. The Coyotes have also declined comment on whether the two sides are working toward a settlement.
Follow Craig Morgan on Twitter
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The NHL received applications for expansion franchises in Quebec and Las Vegas prior to the Monday deadline.
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John Russell Houser, Louisiana Gunman, Had Glasses and Wig, Booby-Trapped Home : People.com
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07/27/2015 AT 03:15 PM EDT
In the days leading up to his fatal attack on a Lafayette, Louisiana, movie theater, gunman
showed no outward signs of the violence he was planning.
"He minded his own business," Vikas Patel, owner of the Motel 6 where Houser was staying, told
. "He did what he had to do and that's basically it."
In fact, surveillance footage shows the 59-year-old shooter – who killed two women at a showing of the comedy
on Thursday before turning the weapon on himself – smiling as he stopped by the check-in desk at the hotel just four miles from where
But what police found behind closed doors tells a different story. Houser's hotel room contained bottles of liquor with clothes strewn about and the TV still on, say police, who revealed Friday that inside they'd also found a wig and glasses that Houser may have used as a disguise.
"We know him to have been in other movie theaters across south Louisiana, probably Lake Charles, here in Lafayette and in Baton Rouge," said Michael Edmonson, Louisiana State Police superintendent. One person even told authorities they'd seen Houser in a wig in Baton Rouge. They felt so uncomfortable they left the theater.
And if his hotel room was in shambles, his home was worse. Eighteen months ago, Houser was evicted from his Phenix City, Alabama, home, which he left booby-trapped for the next owners.
Feces were in buckets all over the place, goldfish had been cut up and thrown in the pool, and the fuse box was cemented shut. Worst of all, the gas line was turned on, with the electric fireplace still lit, according to
"I consider myself lucky," the home's new owner, Norman Bone, told the paper. "If he was in that frame of mind to do what he'd done out there, he could have came back to Columbus and did the same thing to me and my family."
Added Bone: "He could have went ballistic any time."
reports that Houser had been delivered to hospital for a mental evaluation by deputies in 2008, following his family informing them that he was a danger to himself and to others. But a judge did not have him involuntarily committed.
AP also reports that funerals for victims Jillian Johnson and Mayci Marie Breaux were held in Louisiana on Monday.
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Authorities say the gunman who killed two sometimes wore a disguise
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Janet Jackson Rehearsal Schedule Interrupted After Father Joe Jackson's Stroke : People.com
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By Naja Rayne and Melody Chiu
07/28/2015 AT 08:00 PM EDT
's rehearsal schedule has been interrupted following her father
The patriarch of the Jackson family suffered a stroke while celebrating his 87th birthday in Brazil on Saturday – and PEOPLE can confirm that his daughter was quick to put her rehearsals on hold to be by his side.
Joe was admitted to Albert Einstein Israelite Hospital where he was treated and said to be in high spirits.
On her 49th birthday in May, Janet announced her tour to fans in a video she released through her Twitter. The singer isn't seen in the video, but her voice is played over the backdrop of a recording studio, telling fans what they can look forward to this year.
"I've promised you'd hear it from my lips and now you will," Janet said in the video. "This year: new music, new world tour, a new movement. I've been listening, let's keep the conversation going."
Despite her family emergency, Janet's
is moving forward, and she will return to rehearsals after spending time with her father.
On Monday, Joe released a statement to his fans through his websites, thanking them for their support.
"To my family, friends, acquaintances and fans all over the world. I want to thank you all for your prayers, unwavering support and kind well wishes during these trying times. Through God's intervention the wonderful Doctors, Nurses and caretakers at the Albert Einstein Sao Paulo hospital have taken great care of me," he wrote. "God willing, I should be able to make a quick recovery and travel back home soon. Thank you all once again for your prayers and support."
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Janet Jackson's tour schedule has been put on hold so she can be with her father Joe, PEOPLE has learned
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Primitive fish fossils found in Qld
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The discovery of 100 million-year-old fish fossils in Queensland's outback gives a remarkable insight into inhabitants of Australia's ancient inland sea, a paleontologist says.
The fossils were unearthed on a farm near Julia Creek earlier this month and have just gone on display at Richmond's Kronosaurus Korner museum.
The fossils include the huge eye-socket of a primitive fish called the cooyoo and the skeletons of 20 to 30 diminutive fishes.
Paleontologist Dr Timothy Holland said the cooyoo discovery was significant as it showed the species' teeth were two centimetres long, much bigger than previously thought.
"It suggests the cooyoo was probably targeting large fish ... it's teeth were well adapted for latching onto slippery prey," the Kronosaurus Korner curator told AAP.
The fish was also more than three metres in length and had a powerful tail that made it look like the "tarpon from hell", he said.
The discovery of the fish skeletons, each measuring three to four centimetres, is also remarkable as it's the best preserved example of smaller fish from Australia's ancient inland sea.
"They never come whole, so finding one of these fish would have been exciting but we have 30 of them protected inside a clam shell," Dr Holland said.
The discoveries were made on Proa Redclaw Farm after landowners Duncan and Judy Fysh invited representatives from Kronosaurus Korner onto the property.
Among them was Dr Holland, who said he screamed when he found the cooyoo eye-socket while turning over pieces of mudstone.
The fish skeletons were found about 50 metres away, while another piece of cooyoo was found at a local dump last Wednesday.
The fossils are just some of the prehistoric marine creatures to have been unearthed in the Richmond area in recent years.
The town is one of the star attractions on Australia's dinosaur trail.
Do you have any news photos or videos?
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Fossils, including a huge primitive fish, dating back to 100 million years found in Queensland provide an insight into Australia's ancient inland sea.
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Lockheed Martin to buy Sikorsky Aircraft for $9 billion
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HARTFORD — Lockheed Martin will spend $9 billion to acquire Black Hawk helicopter maker Sikorsky Aircraft.
United Technologies Corp. said in June it planned to shed Sikorsky, either through a sale or spinoff. The aerospace and building systems conglomerate wants to focus on high-technology systems and services for the aerospace and building industries.
In addition to Black Hawk helicopters, Sikorsky makes presidential helicopters. Sikorsky helicopters have also returned astronauts home after they splashed down in the Pacific Ocean at the end of their space travels.
Lockheed Martin plans to add Sikorsky to its mission systems and training unit. The Bethesda, Maryland, defense contractor expects to fund the acquisition with cash on hand and new debt issuances.
United Technologies, based in Hartford, said it will use the sale’s proceeds for additional stock buybacks.
Cowen and Co. analyst Cai von Rumohr wrote that the proposed sale may be a ‘‘longer term strategic plus’’ for United Technologies would it to boost its position in aerospace systems where it could cut costs.
There is the potential, however for a close review of the deal by the Defense Department, von Rumohr said.
It is a natural fit for Lockheed Martin, which is already the primary mission systems provider for Sikorsky’s MH-60 Naval Hawk, Canadian Maritime Helicopter, Combat Rescue Helicopter and presidential helicopter, von Rumohr said.
The deal is targeted to close by the end of the year or in the first quarter of 2016.
There have been rumors of a Sikorsky sale for more than a year.
Sikorsky’s military business fell as the US exited Afghanistan and reduced its presence in Iraq. Its commercial business also took a hit with falling oil prices that led to a cutback in helicopters shuttling workers to offshore oil platforms.
United Technologies announced in March it was looking into whether spinning off Sikorsky ‘‘would allow United Technologies to better focus on providing high-technology systems and services to the aerospace and building industries.’’
Sikorsky accounted for $7.45 billion of United Technologies’ $65.1 billion in revenue last year.
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Lockheed Martin is buying Black Hawk helicopter maker Sikorsky Aircraft for $9 billion.
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http://www.people.com/article/kelly-rutherford-instagrams-daughter-helena-clothing-designer
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http://web.archive.org/web/20150807231842id_/http://www.people.com:80/article/kelly-rutherford-instagrams-daughter-helena-clothing-designer
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Daughter Helena Is a Future Clothing Designer : People.com
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20150807231842
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Kelly Rutherford and her daughter Helena
08/05/2015 AT 08:50 AM EDT
is relishing every moment with her two children before she must
star posted an Instagram late Tuesday night showing that daughter Helena takes after her mom when it comes to creativity.
"Future clothing designer," she captioned a snapshot of Helena, 6, bending over fabric in a room stocked with sewing machines.
Rutherford, 46, spent the summer with Helena and son Hermes, 8, but they must fly back to Monaco, where they have lived with their father, German businessman Daniel Giersch. They've called the European principality home since 2012, when a California judge gave the estranged parents joint custody yet
temporarily because his U.S. visa had been revoked. (The State Department has said he never reapplied for a visa.)
The actress has taken her custody battle to both coasts, but
family courts declined to hear her case this month, claiming they no longer have jurisdiction. She's also tried the political route, testifying at congressional hearings twice and organizing an online petition that reached more than 100,000 signatures, yet the White House announced it won't intervene last week, citing "ongoing legal proceedings."
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Kelly Rutherford has been fighting to keep Helena and son Hermes in the United States
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http://fortune.com/2010/11/09/why-the-coach-left-google/
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http://web.archive.org/web/20150809011314id_/http://fortune.com/2010/11/09/why-the-coach-left-google/
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Why ‘The Coach’ left Google
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20150809011314
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He advised both Apple and Google until a Fortune profile brought his role to light
When Bill Campbell executed a “non-sale transfer” of $7.7 million worth of Apple AAPL stock in Sept. 2009, we speculated that given his increasing awkward position as a close adviser to both Steve Jobs and Google GOOG CEO Eric Schmidt, Campbell might be reconsidering his position on Apple’s board of directors.
We were wrong about that. Campbell still sits on Apple’s board. It was his unique relationship with Google — the only outsider who sat in on board meetings — that had to change. And according to Campbell, it was the rare profile in Fortune we quoted that forced the issue.
“I had a nice time for a long time being under the radar,” he told the New York Times‘ Miguel Helft in an interview posted Monday:
But after the Fortune article, “instead of being an anonymous guy who wandered around in the Valley, I became someone people focused on,” he said. Using salty language, he added that there was a time when no [one] cared about his role at Google or Apple, but that changed. “Today it is problematic,” he said. “There is nothing I would do for either company that would jeopardize one or the other, but that’s not the point.”
[Follow Philip Elmer-DeWitt on Twitter @philiped]
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He advised both Apple and Google until a Fortune profile brought his role to light When Bill Campbell executed a "non-sale transfer" of $7.7 million worth of Apple stock in Sept. 2009, we speculated that given his increasing awkward position as a close adviser to both Steve Jobs and Google CEO Eric Schmidt, Campbell might…
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http://www.cnbc.com/2014/06/12/we-won-the-war-on-inflation-pimcos-paul-mcculley.html
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http://web.archive.org/web/20150814004623id_/http://www.cnbc.com/2014/06/12/we-won-the-war-on-inflation-pimcos-paul-mcculley.html
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We won the war on inflation: Pimco's Paul McCulley
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20150814004623
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Patrick T. Fallon | Bloomberg | Getty Images
Paul McCulley, chief economist of Pimco.
Because of that, the Federal Reserve does not need to engage in pre-emptive tightening and therefore will change the way it cyclically fine tunes the economy.
"I think the Fed will tighten next year, but it's not trying to pre-empt an increase in inflation. In fact, the Fed's told you it won't hike until after inflation has moved up closer to target. That is a profound paradigm change," McCulley said.
In addition, he believes there will be a structural reduction in the neutral real Fed funds rate—instead of the 4 percent the market usually expects, he said the rate will be closer to 2 percent.
"The new reality, having won the war against inflation, escaping the liquidity trap, is no pre-emption on tightening, and a stopping point in the neighborhood of 2 percent nominal."
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We've achieved the promised land of price stability over many cycles and interest rates will remain low, Pimco's Paul McCulley said.
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http://www.people.com/article/jessica-biel-post-baby-body-four-months-after-son-silas-born
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http://web.archive.org/web/20150814081016id_/http://www.people.com/article/jessica-biel-post-baby-body-four-months-after-son-silas-born
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Jessica Biel Shows Off Her Post-Baby Body as She Leaves the Gym (Photo)
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20150814081016
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08/14/2015 AT 02:05 AM EDT
It takes work to lose the baby weight and
showed on Thursday that her hard work is paying off.
The new mom, 33, who welcomed son
in April, was photographed in workout wear as she left a gym in Los Angeles.
The 4-month-old was named Silas after his maternal great-grandfather and Randall after Timberlake's father (the singer also shares it as his middle name).
The private pair have mostly kept their bundle of joy out of the spotlight. Timberlake, 34,
of Biel holding Silas as he showed off a Memphis Grizzlies T-shirt when he was just a few weeks old, and the proud papa
with his son on Father's Day.
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The actress welcomed son Silas with husband Justin Timberlake in April
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http://www.theguardian.com/artanddesign/2012/oct/12/a-bomb-risk-list-heritage
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http://web.archive.org/web/20150814222253id_/http://www.theguardian.com/artanddesign/2012/oct/12/a-bomb-risk-list-heritage
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A-bomb store and monks' kitchen on risk list as threat to heritage grows
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20150814222253
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One of the first atomic bomb stores built in England has joined a bell foundry, a fairground rollercoaster and a tumble of stones which may once have been a monks' kitchen among more than 5,800 important listed buildings and structures which appear on the latest English Heritage at-risk register.
Although thousands of buildings have been rescued since the register was first launched in 1998, the list is growing faster than buildings are being saved, a situation worsened by government cuts to English Heritage's funding. In the past year, 318 sites have been saved and removed from the register, but 360 new sites have been added.
Many make the list because their original purpose has vanished – fortunately in the case of the scruffy sheds and towers at Thetford Heath in Suffolk which was one of Britain's first purpose built stores for atomic bombs. They were top secret when built in the early 1950s to house the RAF's first atomic bomb, codenamed Blue Danube, using a special grit-free surface to prevent the risk of sparks. The explosive components were stored separately in deep thick walled pits, and ringed with watch towers, triple wire security fences and guard posts. They were decommissioned within a decade, and no longer secret, soon targeted by vandals. They are now listed at Grade II*, the second highest category, recognising their importance in the history of Britain and the cold war.
The current owners have worked with English Heritage to repair the watch towers and the kiosks which housed the nuclear components, but much remains to be done, and even the most ardent conservationist would find it hard to dream up a new use for such a site — the problem for the most intractable cases on the at-risk register, including old industrial sites, hospitals and other sites which have lost their original function and have no obvious economically viable new role which could pay for the restoration work.
Just 13% of the 5,831 buildings and sites on the register are considered economic to repair. For the rest – such as The Monks' Oven, a heap of stones in a green field in Cumbria believed to be part of a medieval monastery – the total gap between the cost of restoration and the amount they could ever earn is now estimated at £423m, up from £330m in 2007, an average of £366,000 per site. Over the same period government funding for English Heritage has repeatedly been slashed, so that its grants budget has been cut in turn by 40% in real terms.
That dismal picture is about to worsen, as English Heritage appeals for volunteers and local societies and groups to help survey the condition of England's 385,000 Grade II listed buildings, which make up 92% of all listed buildings. Outside London these have never been included in the annual at-risk surveys, because the scale of the task was beyond English Heritage resources. If the guesstimate that at least 5% of such buildings are in trouble, next year's at risk register will swell dramatically.
A pilot project has already been launched in Lincolnshire, where Heritage Lincolnshire has almost completed the survey: preliminary results suggest that 6.1% of the Grade II buildings are at risk. One man, retired accountant Graham Umpleby, from Boston, has single-handedly collected most of the bad news, scrambling through nettles and over tumbledown walls to complete surveys of more than 9,000 sites.
Simon Thurley, chief executive of English Heritage, said the Grade II buildings were of enormous importance to their areas. "When one of them is lost, it's as though someone has rubbed out a bit of the past; something that made your street or your village special will have gone."
There is better news for some sites. One of the apparently hopeless cases, the burned out shell of the 1919 wooden Scenic Railway roller coaster in Margate, the first fairground ride to win Grade II* listed status, has won a lottery grant and with the help of a local trust is planned as the centrepiece of a restored Dreamland funfair. Repairs are almost complete at the crescent at Buxton, once the glory of the Derbyshire spa town.
The buildings of Taylor's Bell Foundry in Loughborough, which in 1851 cast one of the largest bells in the world, Great Paul for St Paul's cathedral, appear on the list for the first time this year. The buildings are Victorian, but the most recent in a line of bellfounders dating back to the 14th century. The firm was rescued from administration in 2009, but the buildings - the only purpose built bell foundry in England - have suffered from generations of neglect or inappropriate repairs. English Heritage has offered a project development grant, and there are plans for restoration and more public access to the site.
Edward Impey, director of heritage protection at English Heritage, said: "There has never been a time when imagination and commitment has been more important."
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English Heritage update at-risk register, which is growing faster than buildings are being saved
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http://www.bostonglobe.com/business/2015/08/10/berkshire-hathaway-buying-precision-castparts-for-about/hJaUmrenUrp5gDxHOSzjRO/story.html
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http://web.archive.org/web/20150815050100id_/http://www.bostonglobe.com:80/business/2015/08/10/berkshire-hathaway-buying-precision-castparts-for-about/hJaUmrenUrp5gDxHOSzjRO/story.html
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Berkshire Hathaway buying Precision Castparts for about $32B
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20150815050100
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OMAHA, Neb. — Warren Buffett’s biggest acquisition yet — a $32.36 billion buyout of Precision Castparts — will further change the complexion of Berkshire Hathaway and increase the conglomerate’s reliance on industrial companies.
The deal to acquire the aerospace and industrial company, announced Monday, adds to a string of manufacturing acquisitions Berkshire completed in recent years outside of the insurance industry that fueled its growth. The Omaha-based conglomerate already owned an eclectic mix of more than 80 subsidiaries.
With a company that size, Buffett needs to strike big deals to meaningfully improve profits at Berkshire. As of June 30, the company had $66.6 billion in cash. The universe of big companies that fit Buffett’s criteria tend to be manufacturing or industrial firms. The 84-year-old Buffett wants to give Berkshire the strongest foundation possible for his investors and whoever eventually succeeds him.
‘‘I think he’s setting things up for the future and he doesn’t want anything terribly risky,’’ said Andy Kilpatrick, the investor who wrote ‘‘Of Permanent Value: The Story of Warren Buffett.’’
Precision Castparts, based in Portland, Ore., makes components for aircraft, power plants, and other industrial uses. It has been hit hard by tumbling crude and natural gas prices, but it appears to have strong long-term prospects. Buffet told CNBC that he would have bought the company even if he knew that commodities were in the midst of a multiyear slump.
‘‘We’re going to be in this business for 100 years, so it doesn’t really make any difference what oil and gas does in the next year,’’ said Buffett, whose company already held about 3 percent of Precision Castparts’ stock.
George Morgan, a finance professor at the University of Nebraska in Omaha and a former investment adviser, said Buffett’s field of possible investments is limited because of the size he is looking for.
Berkshire’s core insurance companies include Geico and General Reinsurance. It also owns BNSF railroad, several major utilities, clothing, furniture, brick, carpet, jewelry, and pilot training firms. It also has major investments in such companies as Coca-Cola, IBM, and Wells Fargo & Co.
In Berkshire’s second quarter, it generated roughly three-quarters of its $4 billion net income from noninsurance companies. It was an especially weak quarter for Berkshire’s insurance units, but it illustrates the conglomerate’s increasing reliance on manufacturing, utilities, and the railroad.
Berkshire agreed to pay $235 per share in cash for Precision Castparts’ outstanding stock. Including debt, the deal is valued at about $37.2 billion.
Author and investor Jeff Matthews, who wrote ‘‘Warren Buffett’s Successor: Who It Is and Why It Matters,’’ said this deal continues the evolution of Berkshire, but he doesn’t think Buffett is getting a good price on Precision Castparts.
But other analysts said the price appeared fair.
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Warren Buffett is making the biggest bet of his long investment career, a $32.36 billion buyout of Precision Castparts in a deal that will continue to reshape his Berkshire Hathaway conglomerate.
| 16.647059 | 0.852941 | 2.264706 |
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http://www.cnbc.com/2015/08/14/money-flees-us-stocks-at-highest-level-since-1993.html
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http://web.archive.org/web/20150815100042id_/http://www.cnbc.com/2015/08/14/money-flees-us-stocks-at-highest-level-since-1993.html
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Money flees US stocks at highest level since 1993
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20150815100042
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The flight of investor money from U.S. stocks has turned into a stampede.
In fact, the $78.7 billion leaving domestic equity-focused funds has been worse in 2015 than it was even during the financial crisis years, when the S&P 500 tumbled some 60 percent, according to data released Friday by Morningstar. The total is the highest since 1993.
Domestic equity funds surrendered $20.4 billion in July alone and have seen $158.6 billion in redemptions over the past 12 months. Even a strong flow of money into passively managed exchange-traded funds has been unable to offset the stream to the exit among retail investors, who generally focus more on mutual funds than ETFs.
The move is all the more unusual considering that it hasn't been a bad year for the market. The S&P 500 has gained about 1.5 percent year to date and 3.4 percent in total return, though it's lagged other indexes, particularly those that focus on international stocks. The MSCI-EAFE international benchmark, for instance, is up 4 percent in price and nearly 7 percent in total return.
"Apart from flows following performance, this pattern also hints at investors' expectations for the future," Morningstar senior analyst Alina Lamy said in a report. "The consensus is that the United States is in the late stages of its bull market.
"Globally, countries are cheaper on a fundamental level, and Europe and Japan are still actively stimulating their economies. Investors are aware that the United States and Europe are at different points in the economic cycle, and this is reflected in the flows."
Indeed, international equity funds have flourished not only in returns but also in attracting investor cash. Such funds have attracted $179.3 billion, by far the biggest in all asset classes:
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The flight of investor money from U.S. stocks has turned into a stampede.
| 24.5 | 1 | 14 |
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http://www.cnbc.com/2014/02/03/us-stocks.html
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http://web.archive.org/web/20150816115107id_/http://www.cnbc.com/2014/02/03/us-stocks.html
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Stocks unravel after factory report; Dow sinks 300-plus points
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20150816115107
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U.S. stocks were hammered on Monday, with benchmark indexes falling through key support levels after a gauge of factory activity disappointed, heightening concern about the economy before Friday's monthly jobs report.
(Read more: Wall Street to eye more factory data on Tuesday)
Stocks had wavered ahead of the report that had U.S. manufacturing expanding at a substantially slower pace in January, driving overall factory activity to an eight-month low.
"A report like this scares people ahead of the payroll number on Friday," said Andres Garcia-Amaya, global market strategist at J.P. Morgan Funds, who added the report's soft new orders component was of particular concern.
"We had such a strong year last year there was complacency among investors," who questioned whether they should take some profits or see if there were further reasons to invest in the U.S., with the trouble in emerging markets proving to be the initial catalyst for the steep selling in recent sessions, he added.
(See why: Bank of America pro believes the market dive is a 'high-quality' buying opportunity)
Monday's selling accelerated once stocks broke through support levels, which in the case of the S&P 500, was 1,770, wrote Bruce Bittles, chief investment strategist at RW Baird. The S&P's next support is 1,708, said Bittles, who believes the final hour of trade will be telling.
"The significance of the ISM report is not lost on the markets that are unsure how the new Fed chair will respond. Janet Yellen comes before Congress on Feb. 11," he added.
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Stocks were battered Monday after factory data cast a negative light on the economy.
| 20.4 | 0.733333 | 1.133333 |
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http://www.cnbc.com/2014/09/28/economists-slash-gdp-q3-forecast-but-see-steady-growth-ahead.html
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http://web.archive.org/web/20150816140713id_/http://www.cnbc.com/2014/09/28/economists-slash-gdp-q3-forecast-but-see-steady-growth-ahead.html
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Economists slash GDP Q3 forecast, but see steady growth ahead
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20150816140713
|
The median forecast for overall GDP growth for 2015 slipped to 2.9 percent from 3.1 percent in June.
The Federal Reserve sees the economy growing between 2 percent and 2.2 percent in 2014 and between 2.6 percent and 3 percent next year.
Turning to Capitol Hill, the majority of participants believe the Fed will begin to hike rates in the second or third quarters of next year, which was on par with previous expectations.
Read MoreFed's Fisher says rates may rise 'sooner rather than later'
About 43 percent of respondents see the next rate increase occurring in the second quarter of 2015, while 26 percent expect it in the third quarter. Thirteen percent of the panel forecast a first-quarter 2015 rate increase.
Most panelists see the federal funds rate level holding in the current zero to 0.25 percent range through early 2015 before climbing to 0.845 percent by the end of next year.
According to the poll, Nonfarm payrolls are expected to post an average monthly gain of 228,000 in 2014, a slight boost from the 209,000 forecast in June.
The pace of job creation is expected fall to 211,000 per month in 2015.
The unemployment rate is expected to decline to an average of 6.1 percent in 2014 and to 5.7 percent in 2015, down slightly from the previous forecast in June.
The Fed, in comparison, expects the unemployment rate to average between 5.9 percent and 6 percent and between 5.4 percent and 5.6 percent in 2014 and 2015, respectively.
On the other hand, respondents are more optimistic about wage growth. Economists raised their estimates for compensation growth for 2014 to 2.8 percent, up from 2 percent in June. The average estimate for wage growth for 2015 edged up to 2.6 percent from 2.5 percent previously.
Read MoreBoom! Consumer sentiment rises to 14-month high
Forecasts for business equipment and software expenditures in 2014 rose to 3.7 percent from 3.2 percent in the June. The forecast rate for 2015 is also higher at 4.2 percent.
Analysts lowered their estimates for consumer spending and residential investments for the current year, citing stifled wage growth and difficulty in accessing credit as primary factors.
Economists see personal consumption expenditures growing at 2.3 in 2014, down from 2.9 percent in the previous survey, with about 67 percent of panelists citing weak personal income growth as a primary cause. The panel sees personal spending coming in just below 3 percent in 2015.
Read MoreNew home sales blow the roof off with 18% surge
After jumping nearly 12 percent last year, housing construction growth is expected to slow to 2.7 percent in 2014, well below the 9.0 percent and 3.8 percent gains forecast in March and June, respectively.
About two-thirds of panelists cited the inability of potential homebuyers to qualify for mortgage loans as the primary factor causing the housing market to underperform. NABE expects housing growth to rebound to 9.2 percent in 2015.
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Although economists have cut their estimates for third-quarter U.S. GDP growth, they see the economy growing steadily going forward.
| 24 | 0.652174 | 1.26087 |
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http://www.cnbc.com/2014/05/22/expect-more-city-bankruptcies-detroit-bankruptcy-advisor.html
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http://web.archive.org/web/20150816151907id_/http://www.cnbc.com/2014/05/22/expect-more-city-bankruptcies-detroit-bankruptcy-advisor.html
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Detroit bankruptcy advisor
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20150816151907
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Since local politicians like to avoid raising taxes and cutting services, they wind up borrowing to balance their budgets.
"If they can borrow and kick the can down the road, they do so. The problem is they've been kicking the can down the road for too long," Ravitch said.
Read MoreThe big city budget tricks you don't hear about
Real estate mogul Don Peebles, a native of Detroit, agreed there are huge financial problems facing the nation's cities.
Pensions for public workers are a "ticking bomb," he said. Plus, more than half the residents in some cities are living in poverty, which is putting more pressure on those at the top end of the tax bracket.
"The top bracket of the tax base in urban cities … they tend to now leave for places where there are lower and more friendly taxes," he said.
However, Peebles doesn't' believe there will be "another big Detroit," which was a one-industry town that saw its population shrink by about half.
Read MoreDetroit bankruptcy plan faces widespread backlash
The solution is simple, Ravitch said.
"Cities and states have to stop borrowing to balance their expense budgets," he said. "It's not sustainable. It is coming to a crashing halt in more and more places."
If every local jurisdiction would match recurring expenses with recurring revenue, "you wouldn't have a growth in the number of cities that ultimately are going to face the default on their obligations."
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More U.S. cities are facing fiscal squeezes and borrowing to balance their budgets. Richard Ravitch calls it a recipe for disaster.
| 13.086957 | 0.695652 | 2.086957 |
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http://www.cnbc.com/2014/10/17/the-depressing-truth-behind-the-jobs-recovery.html
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http://web.archive.org/web/20150816190104id_/http://www.cnbc.com/2014/10/17/the-depressing-truth-behind-the-jobs-recovery.html
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The depressing truth behind the jobs 'recovery'
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20150816190104
|
As for that headline unemployment number the market celebrated, the so-called U-6 rate—or the full unemployment figure that includes discouraged and underemployed workers—provides a more complete picture, particularly as the numbers relate to wage growth.
Read MoreMaybe it's time to throw out the unemployment rate
Research from David G. Blanchflower and Adam S. Posen posited that not only do discouraged workers make the headline unemployment number misleading, but they also put downward pressure on wages.
"A substantial portion of those American workers who became inactive should not be treated as gone forever but should be expected to spring back into the labor market if demand rises to create jobs," Blanchflower and Posen wrote.
The trouble with measuring discouraged workers is that they are considered fully out of the market, though many in that category are likely to take anything at any salary level.
Unfortunately, stagnant wages may persist as workers in weak labor markets have little leverage for demanding raises when there are others waiting in the wings. Even though the discouraged workers are not counted in the headline unemployment number, it is becoming increasingly difficult to deny their contribution to slack in the economy.
Read MoreConfidence in Obama on economy sinks to new low
That grim sentiment about wage growth was echoed by the person whose opinion may matter most to the markets—Federal Reserve Chair Janet Yellen—in remarks Friday at the Conference on Economic Opportunity and Inequality at the Boston Fed branch.
"One reason to be concerned about the apparent decline in new business formation is that it may serve to depress the pace of productivity, real wage growth and employment," she said. "Another reason is that a slowdown in business formation may threaten what I believe likely has been a significant source of economic opportunity for many families below the very top in income and wealth."
The single best gauge of the economic recovery—better than the headline unemployment rate—may be wage growth. The most important number in the latest jobs report showed just a 2 percent annualized increase.
Read MoreUS job openings at highest level since 2001
Demand for higher wages has been heard in all sectors, from September's McDonald's protests to last week's plea from a Wells Fargo employee that he and all 200,000 of his colleagues receive a $10,000 pay bump.
Now the most common of workplace grievances is being met with powerful support.
"The low rate of wage growth is, to me, another sign that the Fed's job is not yet done," Yellen said back in May during testimony to Congress.
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Wage growth in the U.S. has been flat for decades, providing an ugly counterweight to an ostensibly improving part of the economy.
| 20.583333 | 0.541667 | 0.958333 |
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http://www.cnbc.com/2015/02/05/oil-heading-for-30-currency-war-coming-analysts.html
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http://web.archive.org/web/20150816202210id_/http://www.cnbc.com/2015/02/05/oil-heading-for-30-currency-war-coming-analysts.html
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Oil heading for $30, currency war coming: Analysts
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20150816202210
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So much for the rally. Oil will likely still head as low as $30, analyst John Kilduff told CNBC on Thursday.
"I still believe we're going to go to that $30 to $33 area, which is the low point from the financial crisis in 2008, 2009. What you saw over the past several days was technical in nature, a short squeeze. This volatility is a little crazy and I think that $30 target is a downside target is for technicians that are in this market," the founding partner of Again Capital said in a "Squawk Box" interview.
Read More Oil whipsawed on supply glut
U.S. crude tumbled 9 percent on Wednesday to settle at $48.45, erasing nearly all of its gains in the previous two sessions. The benchmark commodity—West Texas Intermediate—had soared 22 percent from a nearly six-year low of $43.58 last Thursday, ending the day at $53.05 on Tuesday.
The rally's sharp reversal spilled over into the stock market, with energy stocks leading the day's decline in the S&P 500.
Data on Friday that showed exploration and production companies had shut down 90 rigs in the prior week boosted the rally. Kilduff said that the industry had merely gotten rid of "the runts of the litter," noting that U.S. production had not fallen and still stands at 9.1 million barrels a day.
He said speculation that Saudi Arabia, the world's largest oil exporter, would agree to production cuts in order to reach a deal with Russia on the Syrian conflict also sent oil higher.
Read MoreOil pro: This is 'dead cat bounce'
Saudi Arabia's refusal to support cuts at a meeting of the Organization of the Petroleum Exporting Countries in November accelerated the rout. Meanwhile, Russia is facing the twin headwinds of falling oil prices and economic sanctions over its role in the conflict in neighboring Ukraine.
"People want to write off OPEC. You can't do that. They do still matter to a degree. A coordinated cut of some magnitude would stop the price slide," Kilduff said.
Fluctuations in currency markets and central bank action has also fed volatility in the oil markets. A strong U.S. dollar drives down oil prices because the commodity is bought and sold in the currency.
"At this point, FX volatility has become the prime driver in global volatility. You cannot make any investment decisions without actually understanding which way the dollar is basically heading," said David Woo, Bank of America Merrill Lynch's head of global rates and currencies research.
Forex volatility is at its highest level in 20 years for noncrisis periods, research from Bank of America released this week showed.
Read More 'Currency war' to be 'lose-lose' game: Strategist
That volatility could continue as countries around the world engage in a currency war, he said. With nations facing fiscal constraints, the only tool available to central banks to stimulate growth is a weaker currency, he said.
"If everyone's playing this game you have no choice but to play it because otherwise you get left behind. We call it war because it's a zero sum game. Somebody wins, and somebody else loses," Woo said.
There's little the United States can do to stop the dollar from strengthening because the European Central Bank and the Bank of Japan are intent on spurring growth through monetary policy.
But the most important question for oil—and the biggest risk of 2015—is the prospect that China follows suit and moves to depreciate its currency.
Read More China RRR cut: there's more where that came from
"If China decides to play the same game, it will be a disaster because commodity prices are going to crash because China consumes 40 percent of the world's basic commodities," Woo said. "And then you're going to trigger a competitive devaluation around the world. The 10-year yield is going to go to 1.25 percent if China wants to devalue [its currency] 10 percent."
|
A rally in the oil market that sent prices soaring 22 percent was technical in nature, John Kilduff tells CNBC.
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Dukakis, Weld team up to push link between North, South stations
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20150820124829
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They’re the ultimate political odd couple. One is a Democrat, the other a Republican, and while they fought bitterly back in their day, these former governors have set aside their differences to go on a quixotic quest.
Neither Michael Dukakis nor Bill Weld could get a rail link between North Station and South Station built during his administration, and now they want Charlie Baker to pick up where they left off and back another multibillion-dollar tunnel under Boston.
It is, literally, the Big Dig II. And that just might take all the political capital these ex-governors have left because the Baker administration instead favors a project that would only expand South Station to improve the transit system.
“When you have Weld and Dukakis pushing something together, at least you want to pause and think about it,” Dukakis said.
Especially after what they did to each other a quarter-century earlier. Weld beat up Dukakis like a pinata during the Republican’s 1990 successful run for governor, painting him as a classic tax-and-spend liberal and blaming him for the state’s economic crisis.
We need a true network where the pieces connect to each other.
Dukakis, who did not seek a fourth term, refused to go quietly, and during the transition kept telling the governor-elect what he should and shouldn’t do.
If there are any hard feelings left, they don’t show them today.
“I am very fond of Michael,” said Weld, 70, who thinks the two have more in common than most people think.
“Every time I tacked left when I was governor on some issue, Governor Dukakis would say, ‘Bill Weld and I don’t agree on much but . . . ’ he would go along with whatever it was,” recalled Weld.
Well, Dukakis, now 81, doesn’t remember it quite like that. He thinks the two still don’t agree on much, except for their passion for the Harbor Islands and the project to connect Boston’s two main train terminals, known as the North-South Rail Link.
“The thing makes a certain amount of sense,” Weld said. “Why would a train go from Washington, D.C., to South Station and then not be able to get to North Station?”
But then he catches himself, chuckling: “I hate to sound so much like Governor Dukakis. I can just hear him saying that.”
Their politics aside, it’s a Massachusetts miracle these two can find anything to bond over. Dukakis, the son of Greek immigrants, is serious and prone to lectures. It’s a good thing he has been teaching at Northeastern University and the University of California, Los Angeles, all these years.
Weld, the patrician Yankee, is laid back and irreverent. He returned to the private sector after politics and has been a high-priced lobbyist at ML Strategies, the consulting and lobbying arm of the Boston law firm Mintz Levin. (Weld isn’t representing anyone on the North-South Rail Link.)
But these bedfellows are hardly strangers. Long before the lawyers crested Beacon Hill, they worked together at the Boston firm Hill and Barlow. Actually, Dukakis was Weld’s boss.
“I can still hear his supervisory voice when he addresses me,” Weld said.
Dukakis doesn’t forget those days either. “I used to say to him when he became governor, ‘Where did I go wrong? What happened to you?’ ”
Weld professes that he has wanted to connect the city’s two main terminals since he was an 11-year-old boarder at the Middlesex School in Concord. He still remembers riding the train up from New York and having to get off at South Station and lug his trunk to catch a train at North Station.
As governor, Weld made sure during the construction of the Big Dig that crews carved out enough space to preserve the option of another tunnel for trains. The time to do the rail link was when the city was already torn up for the Central Artery. Dukakis, who was planning the project when he was in office, couldn’t get federal funding for the link.
“I’m still convinced it’s a good idea,” said Weld. “The question is the price tag.”
Former Governor William F. Weld in 2012.
Weld leaves the number-crunching up to Dukakis, who loves being in the weeds, especially on transportation issues. He regularly rode the Green Line while in office and later served on the board of Amtrak.
Dukakis argues that tunnel technology has vastly improved since the Big Dig, potentially driving down the cost for the link to about $2.7 billion. A study under Governor Mitt Romney pegged the project’s price at $8 billion, which is why that governor killed it in 2003.
The rail link isn’t on the new administration’s agenda, but that hasn’t stopped Dukakis from making the rounds — including a recent call to Baker’s chief of staff, Steve Kadish.
“The critical issue here — which I don’t think Charlie understands at this point and it’s one of things Weld and I want to talk to him about — is if you do the link, there is absolutely no reason at all to expand South Station,” Dukakis said.
Baker, a Weld protégé who served in his administration, is evaluating how the state can move forward on a $1.6 billion expansion of that MBTA-Amtrak terminal. The proposal to add seven tracks could reduce train delays and expand commuter rail service, as well as ease traffic congestion in the Seaport District and create real estate development opportunities.
Dukakis contends the North-South Rail Link can also curb congestion because fewer trains will have to stop at South Station and can instead pass through.
“In my opinion, it is the single most important transportation project we can do,” said Dukakis.
While Dukakis and Weld work over Baker, they also have to win over his transportation secretary, Stephanie Pollack. She used to work down the hall from Dukakis at Northeastern, where she oversaw transportation research at the Kitty and Michael Dukakis Center for Urban and Regional Policy.
Over the years, Pollack has gotten an earful from her former colleague about the need for a new train tunnel. So far, she is not swayed.
“While we are happy to talk to people about reopening the question of the North-South Rail Link, it is not instead of the South Station expansion project,” Pollack told me. “We need to expand South Station.”
Talk to transit advocates, such as Rafael Mares of the Conservation Law Foundation, and they’ll tell you we need to do both projects to create a world-class transit network.
The reality is that we can’t afford to do both now, and Baker will need to pick one.
If a deal can be struck to relocate the big Postal Service facility next door, the South Station expansion will be cheaper and easier to get in the ground.
That’s probably something only a sitting governor can explain to his predecessors.
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Neither Michael Dukakis nor Bill Weld could get a rail link between North Station and South Station built during his administration, but and now they want Charlie Baker to pick up where they left off and back another multibillion-dollar tunnel under Boston.
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http://www.cnbc.com/2015/01/26/8-signs-that-the-markets-healthy-enough-to-invest.html
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8 signs that the market's healthy enough to invest
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20150823164427
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Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheer at exit poll results in Athens, January 25, 2015.
No. 1 Overseas worries: Things were looking pretty dire on Sunday evening with overseas worry on Greek elections. However, sure enough by the time the market opened it reversed its judgment. Investors were willing to rethink whether Greek elections or Russian worries are relevant.
No. 2 Analyst downgrades: When an analyst downgrades a stock and the market doesn't even blink, then Cramer knows it is in a healthy spot. Such was the case with Dollar General on Monday when it was downgraded and the stock barely took a hit.
No. 3 Stock amnesia: Friday marked the day of the horrendous earnings report from McDonald's. The stock took a hit, but then came bouncing right back on Monday.
"They have a very lackadaisical sense of urgency, which, while an oxymoron, does seem to fit the bill," said Cramer.
No. 4 Love of supply: When a company offers stock and the price it is offered at gets crushed, that's bad news. Orphan drug maker BioMarin Pharmaceuticals had an offering for 8.5 million shares at $93.25, and the stock has now rallied up to $99. That is some terrific momentum.
No. 5 Acquisitions are back: On Monday morning, Rock-Tenn acquired MeadWestVaco for $9.2 billion. Additionally, Energy Transfer Partners acquired Regency Energy for $18 billion, so that it could build out the energy pipeline network. This shows it is taking advantage of the stress in the oil patch right now, a good sign.
No. 6 Multi-day moves: When a stock continues to have movement for several days, instead of being a one-hit wonder then Cramer knows the market is healthy. For example, Netflix is still on fire after it reported terrific numbers last week.
No. 7 Positive earnings: The market is seeing one positive earnings being reported by each sector. D.R. Horton delivered fabulous numbers and the stock rose nicely. That's a good sign from the largest homebuilder in the country.
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Cramer Remix: Leaders for a market win Cramer: UPS & McD's are totally wrong Cramer's game plan: Alibaba's surprise ----------------------------------------------------------
No. 8 Healthy IPO market: When the IPO market is alive and kicking, Cramer knows it's time to invest. He took a lot of heat for recommending the Box IPO last week, but sure enough it was a great deal.
"My only regret is not being even more bullish than I was because Box was a total homerun. That's what happens in a real good market," said the "Mad Money" host.
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Is the market sick or healthy? Jim Cramer has 8 signs that show a strong market.
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http://www.cnbc.com/2015/02/03/sorry-but-the-oil-rout-isnt-over-yet-analyst.html
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Sorry, but the oil rout isn't over yet: Analyst
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Despite the 15 percent jump in oil since Thursday, U.S. crude is not in for a sharp bounce upward, Stewart Glickman of S&P Capital IQ told CNBC on Tuesday.
The energy equity analyst noted in a "Squawk on the Street" interview that the forecast from S&P Capital IQ sister company Bentek Energy for 2015 puts the average price of West Texas Intermediate at $51 per barrel.
"We're basically sitting on that today, so I think people may have a hope, that in 2009 we had this really, really strong v-shaped recovery, so why can't we have that now?" he said.
"I think they're buying up oil on the basis that it's going to be a quick crisis, the equivalent of the 24-hour flu, and I don't think it's going to be like that this time."
Read More Oil erases losses for 2015 as majors take action
Glickman said the picture is largely negative to neutral across oil industry segments, with the only exception being players in the midstream, which includes oil transportation and storage companies.
S&P Capital IQ has a "strong buy" on exploration and production firm EOG Resources. "It's a pure play E&P, but in our opinion, best of breed in the industry with some of the best cost metrics around and [it is] one of the earliest movers into the U.S. shale."
While shale producers' prolific growth and the subsequent increase in supplies accounts for falling oil prices, EOG performs better than most of its peers, he said.
In the oilfield services segment, Glickman likes Schlumberger for its international focus and relatively low exposure to U.S. drillers relative to its peers.
Read More Energy M&A may not come until 2016: Experts
Oil prices rose about 11 percent during the past two sessions as Baker Hughes reported a steep week-over-week decline in active oil rigs and traders took profits from short positions.
Crude continued to move higher on Tuesday after BP announced it would cut its capital expenditures budget by 13 percent to $20 billion, following a number of oil majors in slashing spending.
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Despite a 15 percent jump in oil prices since Thursday, U.S. crude is not heading back to $55 per barrel, Stewart Glickman told CNBC.
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NYC museums banning selfie sticks
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20150824022626
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Art lovers may soon be forbidden to take that perfectly positioned selfie in front of Van Gogh's "Wheat Field With Cypresses," and they can forget about taking one in front of Monet's tranquil "Water Lilies."
Several museums in New York City, including the Museum of Modern Art and Cooper Hewitt, Smithsonian Design Museum, have banned the lengthy, smartphone-wielding sticks known as selfie sticks that achieve more expansive selfies for their users.
Read MoreSelfie sticks are the new Beatles
When Cooper Hewitt reopened in December 2014 after three years of renovation, it instated a policy advising visitors to leave selfie sticks, along with tripods umbrellas, and large backpacks, in coat check, said museum spokeswoman Laurie Bohlk. Art can be damaged when visitors raise selfie sticks in the exhibition space.
Handheld photography is still welcome, but Bohlk said the selfie-stick ban helps ensure the art's safety.
"We have a lot of interactive spaces, and we have seen a huge surge in the people documenting their time here," she said. "We encourage selfies."
Read MoreApple standout winner in China's luxury slowdown
Selfie sticks are compatible with smartphones and small video cameras like the GoPro and cost from $20 to $70, sold in online retailers such as Amazon and in electronic chains like Best Buy. Typically, the extension rods are used by sightseeing tourists visiting landmarks and attractions to attain a larger, more visually appealing scope in a selfie.
The Museum of Modern Art has also banned the extension sticks, and flash photography and tripods have long been prohibited.
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Some New York City museums are banning selfie sticks, as museum spokespeople say they pose threats to art and other visitors.
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http://www.cnbc.com/2015/02/11/slow-start-to-ipo-biz-but-may-be-heating-up.html
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Slow start to IPO biz, but may be heating up
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It's been quiet in the IPO business in 2015, but it's starting to heat up. Some 13 companies are scheduled to price this week, including four holdovers from last week. The majority are biotech related.
There's one fairly large deal scheduled to price tonight on the Nasdaq involving Inovalon. Simply put, they help healthcare companies manage costs. Seventeen of the top 25 healthcare plans use their data. They hit all the right "buttons" for IPO investors, which are big data analytics, cloud computing, healthcare. They're also profitable and growing at 20 percent a year.
They're looking to price 22.2 million shares between $24 and $26, which is a bump up from the previous range of $21 and $24. At the midpoint, that's $555 million. With a market cap of roughly $3.9 billion, that's roughly a 14-percent float.
A smaller deal also looking to price tonight is Sol-Wind Renewable Power, seeking to raise 8.7 m shares between $19 and $21. This is obviously a solar company, but it's a fairly complex financing structure: it involves taking solar assets and putting them in a vehicle to take advantage of investment tax credits.
The hook is a very high yield: 6.5 percent. There's several of these so-called "yield companies" that have gone public, including TerraForm Power, Abengoa Yield and NRG Yield.
Still, it's definitely been a slow start to the IPO business, as the number of deals so far is half what it was at this time last year, according to Renaissance Capital.
The main reason is that energy IPOs, specifically Master Limited Partnerships, have virtually disappeared. There's also a lack of any large deals of other types. Last year, for example, we already had vehicle financing firm Santander Consumer go public.
Still, IPOs have recovered since the markets began calming down at the end of January. The Renaissance Capital IPO ETF, a basket of about 60 recent IPOs, has risen roughly 6 percent this month.
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The IPO business could gain momentum despite its slow start in 2015.
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http://www.cnbc.com/2015/02/23/money-mayweather-about-to-see-plenty-of-it-may-2.html
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http://web.archive.org/web/20150824093307id_/http://www.cnbc.com/2015/02/23/money-mayweather-about-to-see-plenty-of-it-may-2.html
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'Money' Mayweather about to see plenty of it May 2
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20150824093307
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Sports fans will be extremely busy on Saturday, May 2. That day will feature a variety of major events: the Kentucky Derby, the NBA and NHL playoffs, Red Sox versus Yankees and even the NFL draft.
But nothing is going to compare to the event that will trump them all: Floyd Mayweather versus Manny Pacquiao in Las Vegas, which is on pace to shatter all boxing revenue records. According to some estimates, Mayweather is expected to receive a payout of around $120 million from the event, and that's after every other party gets its cut.
Pay-per-view subscriber numbers might hit three to four million people, which itself is a bet. The online gambling site Bovada is running an over/under of 3.15 million subscribers. With pay-per-view prices potentially reaching $100, call that $315 million of very likely revenue. Add in international rights, replay rights, sponsorships and in-person ticket sales, the fight could see over $400 million in revenue.
Approximately half that $400 million would go to the television operators and producers, with the other half—or $200 million—being split as the purse between the two fighters. Mayweather, whose nickname is "Money," and Pacquiao have already agreed to a 60/40 purse split. If the subscriber numbers, ticket sales and sponsorship figures come in even higher, then the fighters would make even more than that.
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Floyd Mayweather and Manny Pacquiao will be fighting on May 2, in what will be the biggest boxing match of all time.
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http://www.cnbc.com/2015/02/27/hamm-my-big-fat-divorce-check-got-the-job-done.html
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Hamm: My big fat divorce check 'got the job done'
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Kevin Mazur | WireImage | Getty Images
Harold Hamm and his wife Sue Ann Hamm, in April, 2012
"It laid around for a week or so," said Hamm.
He didn't get into any details, beyond saying, "That's in the rearview mirror, moving on."
However, an attorney representing Arnall had a slightly different take.
"Both parties have appealed the District Court's rulings, and that appeal is still pending. Mr. Hamm may hope that the 'job is done,' but the Oklahoma Supreme Court, not Mr. Hamm, will determine when this matter is concluded," the attorney said.
Read MoreThe world's most expensive divorce settlements
Arnall's appeal of the judge's ruling says the amount was insufficient. While Hamm's attorneys claim that by cashing the check she nullifies her appeal, her attorneys are pressing ahead. Hamm's attorneys have filed a motion to dismiss her appeal but there has been no ruling yet on their motion.
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Oil tycoon Harold Hamm tells CNBC his divorce from Sue Ann Arnall is "in the rearview mirror."
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Dudley: Why Fed may need to get 'more aggressive'
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20150824121632
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Dudley said the Fed is unlikely to follow any particular set guidelines, such as the Taylor Rule, when deciding when and how to hike rates. The rule offers guides about increasing rates according to levels of unemployment and inflation, but Dudley said "monetary policy cannot be put on autopilot guided only by a fixed policy rule."
Read MoreYellen: No rate hike for next couple FOMC meetings
"The fact that market participants have set forward rates so low has presumably led to a more accommodative set of financial market conditions, such as the level of bond yields and the equity market's valuation, that are more supportive to economic growth," he said, according tp prepared remarks.
"If such compression in expected forward short-term rates were to persist even after the FOMC begins to raise short-term interest rates, then, all else equal, it would be appropriate to choose a more aggressive path of monetary policy normalization as compared to a scenario in which forward short-term rates rose significantly, pushing bond yields significantly higher," he added.
Dudley said rates have remained where they are in the U.S. partly because of similar action in Europe and Japan.
Read MoreFed 'running out of excuses' for zero rates
On economic issues, he said it's too early to say whether growth is stuck in slow mode over a long period of time—so-called secular stagnation—but he did say gross domestic product growth will remain muted over the medium term.
"I do think that the real potential GDP growth rate will be lower over the medium term, held down by much slower growth of labor input and an anticipated continuation of lackluster productivity growth performance," he said.
Also, he predicted that the long-run funds rate will be 3.5 percent.
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The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.
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Happy Birthday, Kobe Bryant
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20150824123616
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Los Angeles Lakers star Kobe Bryant was born on August 23, 1978.
The son of professional basketball player Joe "Jellybean" Bryant, Kobe spent part of his childhood in Italy and is still fluent in Italian today. He also enjoyed the mentorship of his father as a young basketball player.
Kobe was good enough that he declared for the NBA Draft right out of high school. The Charlotte Hornets made him the 13th pick -- and then traded him to the Lakers in exchange for Vlade Divac.
The trade seems absurd today, but at the time Bryant was seen as much more of a risk -- he was only 17 when he signed his first contract with the Lakers, and while he displayed athleticism at a young age, he took time to blossom into the star he is today.
Eventually, though, Kobe became one of the best players of his generation, drawing comparisons to Michael Jordan and earning widespread recognition as the heir to Jordan's NBA throne.
Once the Lakers added Shaquille O'Neal and hired Phil Jackson as coach, Bryant began to earn the winning pedigree as well. To date, he's won five NBA championships, including a memorable three-peat in the early 2000s -- a time during which the Lakers sometimes seemed unbeatable.
After playing second fiddle to Shaq -- and occasionally struggling to co-exist with his larger teammate -- Bryant added two more titles as the clear alpha dog of the franchise.
While the Lakers in recent years have fallen on hard times and have been forced to rebuild around an aging Bryant, the shooting guard's legacy is well in place. Entering the final year of his contract and mulling retirement at the year's end, Bryant is third all-time on the NBA scoring charts.
Bryant also won two NBA Finals MVP awards and the NBA's regular-season MVP award in 2008. A 17-time All-Star, Bryant is a Basketball Hall of Fame lock -- and if he does choose to prolong his career, he could be in reach of the all-time NBA scoring mark.
Kobe Bryant: Season By Season
Exercise To Undo Hours Of Sitting
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Los Angeles Lakers star Kobe Bryant was born on August 23, 1978.
The son of professional basketball player Joe "Jellybean" Brya...
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http://www.cnbc.com/2015/03/03/e-of-maharashtra-bans-beef.html
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Indian state of Maharashtra bans beef
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20150824162719
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However, Maharashtra's law not only bans the slaughter of cows and sale of beef, but the possession of the meat, which is now to be formally considered as contraband. It also imposes the toughest punishment — of up to five years in prison — for violations.
The law, passed two decades ago by Maharashtra's state legislature, was only given the necessary assent of India's president, Pranab Mukherjee, on Monday.
Hindu nationalist groups, vocal advocates of the ban, rejoiced at the new restrictions, with Devendra Fadnavis, Maharashtra's chief minister, tweeting: "Our dream on the ban of cow slaughter becomes a reality now."
Read MoreHoly Cow! Karlie Sells for $170,000
But critics said the restrictions would prevent members of India's Muslim and Christian minorities — and other groups that have no such taboo around eating beef, including some low-caste Hindus — from accessing an important and affordable source of protein.
"It's discriminatory," said Samar Halarnkar, a senior journalist, prominent food writer and author of The Married Man's Guide to Creative Cookery. "It's a basic freedom that I should be allowed to eat what I want as long as I don't force it on anyone else's plate."
Mr Halarnkar said beef had been typically cheaper than other meats such as chicken or mutton, and that the ban might put all meat out of reach of the poor. "It's an important source of protein for those who do eat it, but now meat itself might become unaffordable," he said.
More from The Financial Times:
Commodities explained: Hedging oil volatilityUK retreat from investment banking gathers paceBibi's misleading Congress clapometer
Narendra Modi, prime minister, has bemoaned what he calls India's "pink revolution" of rising meat exports, and expressed hopes of bringing a national ban on cow slaughter.
India's consumption of bovine meat — including both beef and buffalo — has fallen over the past decade, as rightwing Hindu groups have campaigned to discourage lower-caste Hindus from eating it. But exports are surging, and are now estimated at about $5bn a year.
Historians say the preoccupation with stopping beef consumption is relatively modern, with many ancient Sanskrit texts documenting that beef-eating was common among Hindus.
The beef ban, which has provoked a social media storm, comes as a new Princeton University study has put the spotlight on entrenched malnutrition in India, where about 42 per cent of women are underweight when they begin their pregnancies, fuelling high rates of infant mortality and malnutrition among surviving children.
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India's Maharashtra state, has introduced a beef ban, which includes up to five years imprisonment for the sale or possession of beef. The Financial Times reports.
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http://www.cnbc.com/2015/03/12/this-is-why-im-voting-for-hillary-clinton-in-2016.html
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This is why I'm voting for Hillary Clinton in 2016
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20150824170028
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Over the past few days, I've been reminded why I support Hillary Clinton for president of the United States. It's not just because she is a woman, but it's what she has done and continues to do on behalf of women all over the world.
Sunday was International Women's Day and the celebration of the 20th anniversary of the U.N. Conference on Women in Beijing in 1995, when Hillary Clinton boldly declared, "human rights are women's rights and women's rights are human rights."
Hillary's dedication to women's rights, from that speech in Beijing 20 years ago through her time as senator, secretary of state and beyond, is one of the reasons I am so proud to know her and why I, along with so many others, am ready for Hillary.
Hillary has spent her life promoting women's rights. She has been a champion for advancing equal opportunities for women and girls in America and around the globe, calling women's empowerment "one of the great causes of my life."
Hillary Clinton was a powerful advocate for women in the Senate. She was an outspoken defender of a woman's right to choose and was one of the original co-sponsors of the Prevention First Act to reduce the number of unintended pregnancies, thereby reducing the number of abortions.
Read MoreCelebrities call on Merkel to end female poverty
Hillary Clinton recognized that when women succeed in the workplace, our entire economy benefits. She co-sponsored the original Lilly Ledbetter Fair Pay Act of 2007 and was a co-sponsor of the bill that became law in 2009. She also introduced in the Senate the Paycheck Fairness Act.
In the State Department, Secretary Clinton recognized women's rights as a major foreign policy issue. She named the first ambassador-at-large for global women's issues and advocated for the economic empowerment of women all over the world. She issued the first policy guide on promoting gender equality and expanding opportunities for women. Her vision of economic statecraft promoted women's entrepreneurship and urged nations to remove barriers that keep women from participating in the global economy.
While there have been many achievements in the past 20 years, many serious gaps remain.
To continue to break down barriers, we need leaders who understand that women's issues are also America's issues. Hillary Clinton has consistently put women's issues at the forefront of her agenda and fought to create opportunity for women, children and their families. Electing our first woman president would be an important step to ending gender inequality.
Jehmu Greene is a Fox News political analyst and founding board member of Vote Run Lead. She is a former president of the Women's Media Center and Rock the Vote.
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Hillary Clinton has consistently put women's issues at the forefront of her agenda. Her election would be an important step toward gender equality.
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http://www.cnbc.com/2015/03/24/twitch-amazons-video-game-streaming-site-got-hacked.html
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http://web.archive.org/web/20150824172507id_/http://www.cnbc.com/2015/03/24/twitch-amazons-video-game-streaming-site-got-hacked.html
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Twitch, Amazon’s video game streaming site, got hacked
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20150824172507
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Krisztian Bocsi | Bloomberg | Getty Images
Visitors stream online computer games on the Twitch Interactive stand at Gamescom video games trade fair in Cologne, Germany.
"For your protection, we have expired passwords and stream keys and have disconnected accounts from Twitter and YouTube," the company said.
"As a result, you will be prompted to create a new password the next time you attempt to log into your Twitch account."
Twitch also said that users should change their passwords on other sites where they have used the same or similar password. The company declined to give any further information about the attack when contacted by CNBC.
Twitch is the latest in a string of companies to report a hack. Sony Pictures Entertainment, eBay and JPMorgan were the victims of some of the most high-profile cyber breaches last year.
Twitch is the biggest platform for viewing e-sports - competitive video gaming where teams compete against each other in popular titles such as "League of Legends".
The e-sports industry is experiencing rapid growth, with global e-sports revenues set to hit $465 million in 2017 from $194 million last year, according to games market research firm Newzoo.
In August, Amazon purchased Twitch for $970 million in an effort to cash in on the growing e-sports hype.
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Twitch, the video game streaming site that Amazon bought for $970 million last year, has been hacked, the company admitted on Monday.
| 9.555556 | 0.666667 | 1.407407 |
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http://www.cnbc.com/2015/08/24/rule-48-the-arcane-nyse-rule-to-tame-a-wild-market.html
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http://web.archive.org/web/20150824174419id_/http://www.cnbc.com/2015/08/24/rule-48-the-arcane-nyse-rule-to-tame-a-wild-market.html
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the arcane NYSE rule to tame a wild market
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20150824174419
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Unlike a circuit breaker that stops stock trading, Rule 48 makes it easier and faster to open the stock markets when there are fears that the market could open with a lot of volatility that would disrupt trading. Futures trading on Monday morning had the Dow Jones Industrial Average down by more than 700 points.
Read MoreHow do market circuit breakers work?
Rule 48 speeds up the opening by suspending the requirement that stock prices be announced at the market open. Those prices have to be approved by stock market floor managers before trading actually begins. Without that approval, stock trading can begin sooner.
To invoke Rule 48, an exchange would have to determine that certain conditions exist that would cause market disruptions. Those conditions include:
Rule 48 was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been rarely used.
Rule 48 was invoked a few times in recent years, including on Tuesday, January 22, 2008 and on Thursday, May 20, 2010. In 2008, the stock markets were subject to great volatility over fears of a global recession and in 2010, the European debt crisis caused panic buying and selling. The rule was also invoked during the August-September 2011 time frame, when European debt crisis fears again roiled the markets, and in early 2015, when massive snowstorms swept across the U.S.
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Little-used SEC Rule 48 is suddenly a buzz word as the stock market correction has led to wild trading—and the need to control it.
| 8.896552 | 0.551724 | 0.689655 |
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http://www.cnbc.com/2015/03/27/obama-needs-to-fix-israeli-relations-richardson.html
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http://web.archive.org/web/20150824190758id_/http://www.cnbc.com/2015/03/27/obama-needs-to-fix-israeli-relations-richardson.html
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Obama needs to fix Israeli relations: Richardson
|
20150824190758
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The U.S. and Israel need to do "whatever it takes" to fix their damaged relations, former UN Ambassador Bill Richardson said Friday.
"We have to come back together because they're our anchor in the Mideast," the former energy secretary in the Clinton administration said in a CNBC "Squawk Box" interview. "Our beachfront is Israel. They're our strongest ally. This relationship needs to be repaired."
The push by Palestinians to go to the U.N. for recognition of an independent state rather than through peace talks with Israel has emerged as a friction point with Israel. President Barack Obama said Tuesday the U.S. is weighing whether to support that effort.
"When I was at the U.N.," Richardson recalled, "the vetoes I cast were always for Israel. Now the two-state solution is possible, that we'll back in the Security Council. It's totally inconceivable."
The six-nation nuclear talks with Iran, which include the U.S., have also put a strain on relations with Israel.
Read MoreIran talks success and failure—both risky: Eurasia
Richardson said he can see where Israel is coming from regarding Iran.
"Israel's neighborhood is a real threat to them, the whole neighborhood." He, too, worries about Iran's support of Hamas and Hezbollah and the rebels in Yemen—not to mention Iran's detention of a U.S. Marine and a Washington Post reporter.
But Richardson, former governor of New Mexico, recognizes the U.S. argument that opportunity beckons to persuade Iran to curtail its nuclear ambitions. "We're [also] on the same side as Iran in Iraq against ISIS."
As for the Saudi Arabia-led military strikes in Yemen, he said, "What I worry about with this Yemen conflict … [is] a dramatic effect on oil prices if something goes bad for the Saudis."
"What happens if the Saudis start losing?" he asked. "We have military bases there. We have the energy relationship. They are a source of great stability."
Oil prices were lower in early trading Friday—reversing sharp gains Thursday as concerns eased about a disruption to crude supplies due to those Saudi airstrikes in Yemen.
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The former UN ambassador says Israel is "our anchor in the Mideast."
| 28.933333 | 0.933333 | 2.4 |
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http://www.cnbc.com/2015/03/30/best-buy-warns-of-profit-hit-as-it-consolidates-canadian-stores.html
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http://web.archive.org/web/20150824191120id_/http://www.cnbc.com/2015/03/30/best-buy-warns-of-profit-hit-as-it-consolidates-canadian-stores.html
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Best Buy warns of profit hit as it consolidates Canadian stores
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20150824191120
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Best Buy plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday.
The retailer said it will close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores. The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about US$200 million to US$280 million in restructuring charges, Best Buy said.
Best Buy also said it plans to spend C$200 million (US$160 million) to improve its online operations in Canada, increase staffing at remaining stores, and launch a range of home appliances, among other initiatives.
The largest U.S. electronics retailer expects these changes to cut earnings per share by 10 cents to 20 cents in the current year. That is up to 8 percent of the average analyst estimate for fiscal 2016 earnings per share of $2.56, according to Thomson Reuters StarMine.
Analysts said the consolidation made sense as Best Buy and Future Shop often offered similar promotions and products. Some of their stores were so close to each other that they shared parking spaces.
"We believe the long-term benefits of the store closings will more than offset the short-term costs," said Moody's Vice President Charlie O'Shea.
After the restructuring, Best Buy will be left with 136 large-format stores and 56 Best Buy Mobile stores in Canada.
Since 2012, Best Buy has removed layers of management, cut jobs, shut stores and boosted cash reserves to grapple with intense competition from Amazon.com Inc and other online retailers.
The efforts resulted in a better performance for Best Buy during the 2014 holiday season. Earlier this month, Chief Executive Hubert Joly said Best Buy planned a cost-cutting campaign to find savings of $400 million over the next three years.
Other retailers that have scaled back operations in Canada, or plan to do so, include Target and Sony. Target has said its Canadian business suffered from poor locations and customer complaints.
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Best Buy plans to close some stores and consolidate its operations in Canada.
| 29.357143 | 1 | 12.142857 |
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http://www.cnbc.com/2015/03/27/hey-senate-time-to-pass-human-trafficking-law-commentary.html
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http://web.archive.org/web/20150824191315id_/http://www.cnbc.com/2015/03/27/hey-senate-time-to-pass-human-trafficking-law-commentary.html
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Hey, Senate-Time to pass human-trafficking law
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20150824191315
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The gist of the bill is unassailable: Traffickers and people who buy the sexual services of children should be punished, trafficked people should be given help, not handcuffs, and the services they need should be funded with the help of the people who exploited them.
When it reached the full Senate, the bill, which has passed the House, faced no opposition — after all, who is in favor of selling the bodies of vulnerable children? As the act headed to the full Senate, it seemed like a vote to crack down on sex trafficking would be a shoo-in, as uncontroversial as a law in favor of, say, salt, or sunshine.
Read MoreInvesting in the world's water crisis
But no. For going on three weeks now, the Senate has been hung up on an amendment to the bill prohibiting its victims' fund, collected from fines on traffickers, from being used for abortions. As the abortion language represents the sole area of disagreement among lawmakers on this vital legislation, trafficking abolitionists are eager to see a compromise worked out.
The basic principles of the bill must prevail. The law would provide justice to some of the most vulnerable people in our nation: young people who do not have homes and do not have the strong family support needed to keep them free from people who would exploit them.
Recent research with Loyola University in New Orleans, involving young people helped by Covenant House, the largest charity in the Americas serving homeless, runaway, and trafficked young people, shows that about a quarter of the homeless youth surveyed had been victims of sexual exploitation, either because they were trafficked, or because they had engaged in survival sex or sexual labor.
Our 2013 study with Fordham University in New York City showed our young people there had suffered similar levels of exploitation. And half of the kids interviewed at our shelter said they could have avoided being commercially sexually exploited if they'd simply had a safe place to stay.
Read MoreOp-ed: The Indiana law that 'fell from the stupid tree'
One critically important proposed amendment to the Justice for Victims of Trafficking Act is the Runaway and Homeless Youth and Trafficking Prevention Act, which provides important resources for homeless young people, keeping them safe from exploitation.
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Passing a human-trafficking law should be a no-brainer. And yet, this one is still hung up in the Senate. Time to set aside politics and get it done.
| 12.166667 | 0.694444 | 0.916667 |
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low
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http://www.cnbc.com/2015/03/09/the-right-and-wrong-way-to-use-social-media-ceo.html
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http://web.archive.org/web/20150824205234id_/http://www.cnbc.com/2015/03/09/the-right-and-wrong-way-to-use-social-media-ceo.html
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The right and wrong way to use social media: CEO
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20150824205234
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Companies that successfully use social media give their audiences valuable content and let their fans be the voice of the brand, the founder and CEO of TheAudience told CNBC on Monday.
What they don't do is market to them and tell them what's cool, Oliver Luckett said in a "Squawk Box" interview.
"You have to provide value to the system. You've got to provide decent content. You can't just be marketing on these platforms," said Luckett, whose company creates and post content for brands and Internet influencers.
Read MoreZuckerberg's message for telecom operators
Luckett addressed growing skepticism over the influence of social media at a time when companies are making significant investments in the medium.
Last year, Ogilvy's social media arm reported that just 2 percent of posts from brands with more than 500,000 likes on Facebook reached their fans. Forrester Research found that less than 1 percent of those followers interact with those posts.
Luckett acknowledged those statistics and said the way to beat them is to "connect the dots."
One way to do that is to generate shareable content that gets used over and over, he said. He pointed to a simple infographic about the falling jobless rate theAudience created during the last presidential election that went viral.
"That's someone telling their message in their form and putting it out there in the world so that other people can use it," he said. "So it's really controlling your destiny in that effect."
In addition to creating a story, brands must also match it with the people to whom it matters, he said.
Luckett's firm recently began representing the Bitcoin Foundation and said one problem is people do not understand the digital currency on a basic level. To explain the utility of bitcoin, he said, theAudience could present its ability to improve remittance payments and create a story for a Filipinos living in America. The Philippines is one of the largest recipients of remittances from overseas.
"Think about how hard that would be on television or radio. But instead I can go and generate a story and go directly to those people in their feeds on their phones, on any medium I want to reach them. That's extraordinarily efficient," he said.
Read MoreFacebook hits 2 million advertisers
Founded in 2011 to manage social media pages for celebrities, theAudience produces 6,000 pieces of content each month. By theAudience's measure, that activity reaches 1 billion people and generated about $30 million in revenue last year.
As for how Twitter can expand its monthly active users, Luckett said the company has been improving its products. He pointed specifically to its Amplify marketing tool, which allows companies to pay to deliver premade content whenever someone mentions its brand or a specific moment in its history.
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Companies should create great content and let their audiences be the voice of the brand, theAudience co-founder and CEO tells CNBC.
| 21.64 | 0.8 | 3.2 |
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http://www.cnbc.com/2015/03/30/yen-aussie-hit-hard-as-dollar-gains-traction.html
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http://web.archive.org/web/20150824223640id_/http://www.cnbc.com/2015/03/30/yen-aussie-hit-hard-as-dollar-gains-traction.html
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Euro heads for worst quarter on record
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20150824223640
|
The euro fell to a 10-day low against the dollar on Tuesday, putting it on track for the worst quarter in its 15-year history, as investors renewed bets the U.S. Federal Reserve would raise rates later this year while the European Central Bank moves to boost the euro zone economy.
The euro has fallen 11 percent against the dollar in the first quarter of 2015, driven by the ECB's launch of a 1.1-trillion-euro bond purchase program in a bid to avert deflation spreading across the euro zone.
The euro has faced added selling pressure as Greece and its lenders have failed to strike a deal on reforms.
"There's not a lot of resolution with Greece's situation. That's keeping the euro from any kind of a short-term rebound," said Mark McCormick, currency strategist at Credit Agricole in New York.
Meanwhile, the dollar index, which gauges the greenback against a basket of currencies, has risen 9 percent since January and is poised for the strongest quarter since the third quarter of 2008.
"It's hard to bet against the U.S. currency right now as the fundamental backdrop augurs for higher U.S. interest rates," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
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The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever.
| 11.333333 | 0.857143 | 2.952381 |
low
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mixed
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http://www.cnbc.com/2015/03/06/amazon-opens-a-store-on-rival-alibabas-t-mall-site.html
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http://web.archive.org/web/20150824224756id_/http://www.cnbc.com/2015/03/06/amazon-opens-a-store-on-rival-alibabas-t-mall-site.html
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Amazon opens a store on rival Alibaba’s Tmall site
|
20150824224756
|
"I wonder if they are conceding the market and recognizing that it's better to work through Tmall because that's where the traffic is going," he said.
China's B2C e-commerce industry is currently dominated by Tmall and JD.com, which hold 57 and 21 percent shares of the market, respectively, according to iResearch.
Alibaba's Tmall shop could also be part of a strategy to breed familiarity around its brand which is less known among Chinese consumers, Cavender said.
"They may be conceding revenue to Alibaba via Tmall in the near term, but in the longer-term it could pay off," he said.
Read MoreKate Middleton's brush is top-seller on Chinese site
Building up a presence in China - the world's largest e-commerce market - would be beneficial for boosting Amazon's international sales, which made up just 38 percent of the company's revenue last year.
China's online retail spending reached $307 billion in 2013 and is forecast to grow at a compound annual rate of nearly 20 percent until 2019, when it should exceed $1 trillion, according to research firm Forrester.
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Amazon opened a store on Alibaba's business-to-consumer platform Tmall Thursday in a move that analysts say will boost awareness of its brand in China.
| 7.4 | 0.6 | 0.8 |
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http://www.cnbc.com/2015/03/18/apple-to-tap-into-augmented-reality-space-munster.html
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http://web.archive.org/web/20150824230313id_/http://www.cnbc.com/2015/03/18/apple-to-tap-into-augmented-reality-space-munster.html
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Apple to tap into augmented reality space: Munster
|
20150824230313
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Apple will try to accomplish what Google could not: incorporate an augmented reality device into everyday life, Gene Munster said Wednesday.
"Essentially, what this is, is Google Glass that is not as geeky or creepy, and ultimately it's something that takes the real world and overlays the virtual world on top of it," Munster told CNBC's "Squawk on the Street."
He added that Apple's device could ultimately revolutionize the way consumers look at life. "This is the next evolution in computing," he said. ( Tweet This ) "It will eventually replace the display as we know it. Whether it's a phone or a computer, it's going away."
Read More How to turn your Apple Watch into an office
Nevertheless, Piper Jaffray's senior research analyst also said it will take a long time for the tech giant to release such a device. "It's going to take 10 to 20 years to do it, but Apple's working on solving [its display problem]," Munster said. "Google Glass was clumsy. It was difficult to see in it and then there was this social stigma around it."
Munster added that Piper Jaffray learned of Apple's latest venture into the augmented reality space through its own research. "As we did more work around what Facebook and Google were doing in this space, Mark Zuckerberg, when they acquired Oculus, said this is the next big-development platform. ... As we did more work on that, it became clear that Apple also had experts working there," he said.
Apple did not immediately respond to CNBC's request for comment.
The company's stock was up nearly 1.1 percent in midafternoon trading on Wednesday.
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Apple will try to accomplish something Google could not, one analyst said.
| 24.214286 | 0.928571 | 2.928571 |
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medium
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mixed
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http://www.cnbc.com/2015/03/16/how-stocks-learned-to-stop-worrying-about-patient.html
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http://web.archive.org/web/20150824231358id_/http://www.cnbc.com/2015/03/16/how-stocks-learned-to-stop-worrying-about-patient.html
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How stocks learned to stop worrying about ‘patient’
|
20150824231358
|
The calls for the "patient" language to change have been coming fast and furious. On Monday, Deutsche Bank chief U.S. economist Joseph LaVorgna said the Fed could drop the whole sentence quoted above. Barclays also predicted that the key word will go.
But while that once appeared a big concern for stocks, the fears about a coming rate hike have been ameliorated, market action would indicate.
Perhaps that's because traders now expect that if the Fed loses "patient," the central bank committee will compensate by adding new, more dovish language elsewhere.
"We act like 'patient' is some magical, talismanic word, but it has only been there for a little while. Before that we had 'considerable time,' which 'patient' replaced," noted Michael Block, chief strategist with Rhino Trading Partners. "If they get rid of this one, they're only going to replace it with something else" that convinces the market they will remain dovish.
LaVorgna said the Fed could tinker with market expectations in other meaningful ways, such as by reducing its "near-term assessment of economic activity," or cutting its 2015 federal funds rate forecasts.
Either way, the market has become convinced that the loss of "patient" would be no catastrophe. In fact, more volatility may ensure if the word stays.
"If they keep it in, it will be a big surprise, and the dollar could weaken materially," said Jens Nordvig, head of fixed income research at Nomura.
|
All of the sudden, stocks don't seem to care about the Fed potentially becoming less "patient."
| 14.142857 | 0.571429 | 0.857143 |
low
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http://www.cnbc.com/2015/04/06/street-betting-on-apple-dividend-boost.html
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http://web.archive.org/web/20150825001609id_/http://www.cnbc.com/2015/04/06/street-betting-on-apple-dividend-boost.html
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Street betting on Apple dividend boost
|
20150825001609
|
Last year, Apple returned $56 billion to shareholders, more than any other company has returned, according to S&P Capital IQ.
Piper Jaffray analyst Gene Munster is anticipating a new $150 billion capital return program this year, and thinks anything less would be seen as a disappointment by investors.
Read MoreAnalysts split over how Apple should spend cash
However, Jon Najarian, co-founder of OptionMonster.com, said the Street expectations are a bit lower at $130 billion.
"They know that Apple just raised a bunch of more cash overseas in euro terms and at much lower rates than they can get in the United States so they continue to manage their money very effectively," Najarian said.
"People are willing to bet on them because of the app store, because of iTunes, even though music sales are declining."
Walter Isaacson, president and CEO of The Aspen Institute, thinks the talk of massive capital returns is just another sign of Apple's success.
"It's got so much cash," said Isaacson, also a CNBC contributor.
That said, in general, he has always been a bit skeptical of capital returns.
"I worry that we are in a corner, in a whole period, in which a lot of companies can't quite figure out what to do with their capital and they're doing a lot of stock buybacks and capital returns and to me that shows a slight lack of innovation or optimism," he said.
Read MoreSwiss launch of Apple Watch hit by patent issue: TV
However, Kinahan noted that Apple can still innovate and return cash to shareholders.
"Nobody's ever had cash flows like this before, it's so immense that they do have good plans going forward but there's still excess cash leftover," he said.
While investors are currently focused on dividends and stock buybacks, Najarian said there is something else to bear in mind—Apple could announce a major deal this year.
"I'll be surprised … if one of the things they do is not a big deal this year because they have obviously not that big multibillion-dollar deal. I look for such a deal beyond that a Beats deal this year," he said.
—CNBC's Josh Lipton contributed to this report.
Disclosures: JJ Kinahan is long Apple. Jon Najarian owns Apple in wealth management business.
|
Investors are eagerly waiting to see how much Apple plans to return to shareholders when it releases earnings later this month.
| 21.136364 | 0.636364 | 0.818182 |
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http://www.cnbc.com/2015/03/27/tech-turns-tasty-with-3d-printed-pancakes.html
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http://web.archive.org/web/20150825014813id_/http://www.cnbc.com/2015/03/27/tech-turns-tasty-with-3d-printed-pancakes.html
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Tech turns tasty with printed pancakes
|
20150825014813
|
If $1 million is backed by the project, this could lead to designing as SD card with more than 50 pre-loaded designs, which may even include Star Wars' R2D2.
The PancakeBot draws the design on to a hot griddle. The machine has an option to add food coloring to the batter.. The only issues? You have to provide and fill the batter yourself and flip it too.
With 13 days left, at least $295,400 has already been pledged to the PancakeBot's Kickstarter campaign, beating its original goal of $50,000.
Depending on how much people pledge leads to how much they get in return, with as little as $59 giving pledgers their face crafted into the shape of a pancake; whilst $849 can get you six PancakeBots, and $2000 can get you a limited edition personalized PancakeBot.
Read MoreThere is now an app for your vodka bottle
|
Meet the PancakeBot: the world’s first pancake printer that allows you to design your own pancakes, print them in different colors and then eat them.
| 6 | 0.413793 | 0.482759 |
low
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http://www.cnbc.com/2015/03/30/reuters-america-egypt-adds-name-to-join-china-backed-aiib-investment-bank.html
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http://web.archive.org/web/20150825020804id_/http://www.cnbc.com/2015/03/30/reuters-america-egypt-adds-name-to-join-china-backed-aiib-investment-bank.html
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Egypt adds name to join China-backed AIIB investment bank
|
20150825020804
|
BEIJING, March 30 (Reuters) - Egypt will apply to become of member of the Beijing-led Asian Infrastructure Investment Bank (AIIB), China's Ministry of Finance said in a statement on its website Monday.
The ministry said China welcomes the application and Egypt will become a member on April 14 if the process goes smoothly.
China has set a March 31 deadline to become a founding member of the AIIB, which is seen as a significant setback to U.S. efforts to extend its influence in the Asia Pacific region and balance China's growing financial clout and assertiveness.
The AIIB has also been seen as a challenge to the World Bank and the Asian Development Bank, institutions Washington helped found and over which it exerts considerable influence.
The United States has urged countries to think twice about joining until the AIIB shows sufficient standards of governance and environmental and social safeguards.
Separately on Monday, Finland said it will take part in the talks to establish the AIIB with the intention of becoming a founding member. Denmark, Russia, Australia, the Netherlands, Britain, France, Germany and Italy have all said they also plan to join.
(Reporting by Jake Spring; Additional reporting By Anna Ercanbrack; Editing by Hugh Lawson)
|
BEIJING, March 30- Egypt will apply to become of member of the Beijing-led Asian Infrastructure Investment Bank, China's Ministry of Finance said in a statement on its website Monday. China has set a March 31 deadline to become a founding member of the AIIB, which is seen as a significant setback to U.S. efforts to extend its influence in the Asia Pacific region and...
| 3.319444 | 0.972222 | 24.805556 |
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http://www.cnbc.com/2015/03/09/celebrities-call-on-merkel-to-help-end-female-poverty.html
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http://web.archive.org/web/20150825024344id_/http://www.cnbc.com/2015/03/09/celebrities-call-on-merkel-to-help-end-female-poverty.html
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Celebrities call on Merkel to help end female poverty
|
20150825024344
|
Both Merkel and Dlamini-Zuma will chair major international summits in June and ONE called on the politicians to use these meetings to further the cause of poverty-struck women.
In an open letter posted on ONE.org and addressed directly to Merkel and Dlamini-Zuma the group said:
"If your summits reach the right agreements, great financing and momentum around girls and women's empowerment can be placed at the heart of the new global goals. That in turn will frame how global policies are decided, and trillions of dollars spent, over the next 15 years."
"If we get this right, we could help lift every girl and woman out of poverty by 2030 – and by doing so we will lift everyone. Get this wrong and extreme poverty, inequality and instability might spread in the most vulnerable regions, impacting all our futures," it later added.
Merkel will chair this year's G-7 summit on June 7-8, while Dlamini-Zuma will chair the African Union summit. The 41st meeting of the G-7 countries—the world's seven richest countries—will see powerful leaders assemble in Bavaria, Germany, to discuss the world's economy, in addition to development, security and foreign policies.
Both the G-7 and the African Union summits come ahead of an important United Nations (UN) meeting in July. This meeting is for global policymakers to establish new "sustainable development goals," which will set the agenda in future years for global efforts to support development in poorer countries.
Read MoreGender pay gap still wide
|
Alongside Nkosazana Dlamini-Zuma, South Africa’s Health Minister, Merkel has been asked by 36 female icons to help end female poverty by 2030.
| 10.714286 | 0.464286 | 0.892857 |
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http://www.cnbc.com/2015/03/09/this-may-save-greece-billions.html
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http://web.archive.org/web/20150825030125id_/http://www.cnbc.com/2015/03/09/this-may-save-greece-billions.html
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This may save Greece billions
|
20150825030125
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Athens is aware of the crime's economic cost. Tobacco smuggling was mentioned in a list of reforms that finance minister Yanis Varoufakis submitted to euro zone officials last month as part of a deal to obtain an extension on Greece's 240 billion euro bailout program.
Read MoreIs Greece already rolling back on its pledges?
But how the government can reduce illicit consumption remains unclear.
"The government and industry must move to dampen domestic demand for illicit products through moderate tax increases and educating Greek consumers about the nature of the illegal cigarette trade," MacGuill said.
Initial progress was made last year through a public campaign by private tobacco firms and government agencies with the slogan "Say No to Illicit Tobacco Products." However, MacGuill warns that it will take more than just slogans to tap into tobacco's lost income.
Athens is expected to provide more detail on its list of reform proposals, including fuel and tobacco smuggling, in the coming weeks to secure future bailout funds.
|
Greece's cash-strapped government can save 1 billion euros a year if it eliminates contraband tobacco, according to a new report.
| 7.56 | 0.52 | 0.68 |
low
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low
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http://www.cnbc.com/2015/07/15/now-is-a-prime-time-to-buy-amazon-says-technician.html
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http://web.archive.org/web/20150825053951id_/http://www.cnbc.com/2015/07/15/now-is-a-prime-time-to-buy-amazon-says-technician.html
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Now is a prime time to buy Amazon says technician
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20150825053951
|
Ross pointed out that the despite a sharp pullback in 2014, where the shares fell 22 percent, the stock has held its key long-term 150-week moving average. Importantly, after bouncing off of the 150-week moving average, Ross noted that the stock then put in a series of flags or pennants. These types of charts are formed by a sharp movement followed by sideways consolidation. According to Ross, there are two distinguishing bullish flags on the Amazon chart.
"If history repeats itself we are going to get a move out of this pattern that mirrors the prior move of about 70 points," said Ross, head of technical analysis at Evercore ISI.
Ross expects Amazon shares to soar as high as $510 in the near term, a nearly 10 percent move from the current level. "With earnings next week we could see the fundamental catalyst that gets the stock going to that $510 technical price target."
Amazon is set to report results next Thursday after the closing bell and analysts surveyed by FactSet expect the e-commerce giant to post earnings of 15 cents per share on $22 billion in revenue.
The stock was down less than 1 percent in midday trading Wednesday.
|
Technical analyst Rich Ross explains why Amazon shares could rally as much as 10% in the next week.
| 11.6 | 0.65 | 0.95 |
low
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low
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http://www.cnbc.com/2015/04/07/rand-pauls-merchandise-store-sells-spy-cam-blocker-and-more.html
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http://web.archive.org/web/20150825055737id_/http://www.cnbc.com/2015/04/07/rand-pauls-merchandise-store-sells-spy-cam-blocker-and-more.html
|
Rand Paul's merchandise store sells 'spy cam blocker' and more
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20150825055737
|
NSA Spy Cam Blocker. Credit: Store.RandPaul.com
"That little front facing camera on your laptop or tablet can be a window for the world to see you - whether you know it or not! Stop hackers and the NSA with this simple camera blocker. Safe and practical," the online store says of the product.
Several of the Paul products include visuals of the Constitution—including a T-shirt and an iPhone case—which is a political theme for the son of libertarian icon and former Texas congressman Ron Paul.
"I am running for president to return our country to the principles of liberty and limited government," a quote attributed to Paul says on his site—which broke the news the senator would run ahead of his scheduled midday in-person announcement.
The store even offers a $1,000 Paul-autographed Constitution. "It's hard to find a greater defender of the U.S. Constitution in the Halls of Congress than Rand Paul," the item's description says.
But the merchandise goes beyond accessories: Paul's branded clothing is "fashion for a cause," his website says.
Read MoreWhy Rand Paul probably can't win GOP nom
"It's easy to be a fashion plate for the world's biggest brands. When you wear the Rand Brand, you look good and stand for something bigger than all of us ... liberty," the site boasts, adding "Thomas Jefferson would be proud."
Such fashion includes a T-shirt proclaiming "Don't Drone Me, Bro!"
Even the payment options take a decidedly contemporary twist for the Kentucky senator's campaign. In addition to credit card and PayPal choices, Paul's website allows supporters to donate in bitcoin (the cryptocurrency boasts a strong following among a subset of libertarians).
Paul has flirted publicly with the idea of digital currencies before, although some have suggested the senator would have ruined its floating market by pegging it to real-world assets.
Paul starts the campaign in the second tier of GOP candidates, drawing the support of 8.4 percent of Republicans, according to a March Reuters/Ipsos tracking poll.
That puts him behind former Florida Gov. Jeb Bush, Wisconsin Gov.Scott Walker and former Arkansas Gov. Mike Huckabee, and in a statistical tie with four other candidates—Texas Sen. Ted Cruz, New Jersey Gov. Chris Christie, neurosurgeon Ben Carson and Florida Sen. Marco Rubio.
Here are some more gems from Paul's online store:
|
Rand Paul, who just declared a presidential run, boasts a store that offers everything from a beverage koozie to an "NSA spy cam blocker."
| 16.586207 | 0.758621 | 1.724138 |
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low
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mixed
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http://www.cnbc.com/2015/03/23/nike-golf-apparel-what-tiger-woods-will-wear-to-the-masters-in-augusta.html
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http://web.archive.org/web/20150825062118id_/http://www.cnbc.com/2015/03/23/nike-golf-apparel-what-tiger-woods-will-wear-to-the-masters-in-augusta.html
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What Tiger Woods will wear to the Master's in Augusta
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20150825062118
|
On Thursday and Saturday, Tiger will show his stripes, wearing a polo with racing stripes. The four-time Masters winner will also sport his red, TW '15 Flyweave shoe on Saturday for the first time. Woods is not known for wearing color on his feet because he finds it to be a distraction.
"Tiger will wear almost anything on his polo, but he is very particular with it comes to his line of site when he looks down at the ball," said Tweeden.
Read MorePro golfers: Here's how we can fix the game
Nike has a studio that replicates the lighting on a golf course to show the designers what their finished products will look like on television against a bright green backdrop.
|
We still don’t know if an injured Tiger Woods will play at the Masters Tournament, but we do know what he’ll wear if he does.
| 4.896552 | 0.517241 | 0.655172 |
low
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low
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abstractive
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http://www.cnbc.com/2015/04/17/sharp-remains-on-life-support.html
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http://web.archive.org/web/20150825102840id_/http://www.cnbc.com/2015/04/17/sharp-remains-on-life-support.html
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Sharp remains on life support
|
20150825102840
|
Mizuho and Mitsubishi, two of Japan's largest banks, had corporate loan books of 43.4 trillion yen and 41 trillion yen, respectively, at the end of fiscal 2013.
And while the latest lifeline thrown by the banks is expected to keep Sharp afloat, its medium- to long-term survival remains in doubt.
"We are clearly stating it won't go bust," said Jefferies' Goyal. On the other hand, at this this stage the company "does not have any profit drivers" to fall back on, he added.
The problems are abundant: Sharp needs to book valuation losses on excess inventory and impairment charges on some of its liquid crystal display (LCD) plants, radically downsize other businesses such as solar cell panels as well as its head office in Japan, according to an April 16 note by Deutsche Bank analyst Yasuo Nakane.
The company is expecting to suffer annual net losses of 200 billion yen in fiscal 2015 and of 150 billion yen in fiscal 2016, according to a Nikkei report earlier in the week.
Even then, it's not clear whether the company will survive, analysts said.
"I can't say for certain that Sharp will exist in five to ten years – after all, the Japanese electronics industry itself suffers from chronic over-capacity," said BNP Paribas' Nakazora.
|
Japanese electronics giant Sharp may be struggling, but the banks will keep the heavily indebted firm on life support, analysts say.
| 10.833333 | 0.583333 | 0.833333 |
low
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low
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abstractive
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http://www.cnbc.com/2015/04/16/etsy-ipo-prices-at-top-of-range-values-retailer-at-178-bln.html
|
http://web.archive.org/web/20150825111501id_/http://www.cnbc.com/2015/04/16/etsy-ipo-prices-at-top-of-range-values-retailer-at-178-bln.html
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Etsy IPO prices at top of range, values retailer at $1.78 bln
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20150825111501
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Etsy's initial public offering has been priced at $16 per share, a market source told Reuters, valuing the online retailer of handmade goods and craft supplies at about $1.78 billion.
The New York-based company's IPO raised about $266.66 million at that price, the top end of its expected range of $14-$16 per share.
Etsy is offering 13.33 million shares, while 3.33 million shares are being sold by shareholders, including venture capital firm Accel Partners.
Read MoreShould you make a move on the Etsy IPO?
The company, which has 29 million items listed on its website, charges a 20-cent listing fee for each item and a 3.5 percent fee for each completed sale.
Etsy, which had 1.4 million active sellers and 19.8 million active buyers as of December, also earns from its advertising platform, payment processing and shipping labels.
Besides Accel Partners, the company's major investors include Index Ventures, Union Square Ventures and investment firm Tiger Global Management.
Accel Partners' stake fell to 22.4 percent from 27 percent after the offering, while Union Square's stake dropped to 12.6 percent from 15.2 percent.
|
Etsy's IPO has been priced at $16 per share, valuing the online retailer of handmade goods and craft supplies at about $1.78 billion.
| 7.857143 | 1 | 12.214286 |
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extractive
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http://www.cnbc.com/2015/04/14/big-companies-getting-serious-about-environmental-risks.html
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http://web.archive.org/web/20150825120954id_/http://www.cnbc.com/2015/04/14/big-companies-getting-serious-about-environmental-risks.html
|
Big companies getting serious about environmental risks
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20150825120954
|
As a result, many big companies are pursuing more low-carbon energy and making other changes, such as how they procure raw materials, according to new data.
The research was complied by CDP, an organization that gathers environmental data reported voluntarily by companies and other entities. As extreme weather has intensified in recent years, more large public companies are building environmental concerns directly into business strategy.
Read MoreAmid drought, some California farmers in near 'survival mode'
For example, more businesses that report data to the CDP say they're inquiring about greenhouse gas emissions and other environmental risks from their suppliers of raw materials and parts. The companies that ask their suppliers about climate risk through CDP have a total supply chain purchasing power of $2 trillion in 2015, which is up from $1.3 trillion in 2014.
Measuring climate risk management another way, more company suppliers are setting emissions targets. In 2014, 48 percent of suppliers set targets, up from 44 percent in 2013 and 39 percent in 2012, according to CDP data.
Questions about carbon footprints and changes to supply chains may sound wonky, but experts point to a shortage of hard drives that struck tech firms after the severe flooding in Thailand in 2011. That disaster hit some businesses including Intel, which cut revenue forecasts as personal computer sales declined. A large chunk of computer chips are manufactured near Bangkok.
|
While there's much focus on the California drought and farmers, large global companies are managing for climate risks.
| 12.666667 | 0.619048 | 0.714286 |
low
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abstractive
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http://www.cnbc.com/2015/04/13/why-activist-investing-is-not-a-fad-meister.html
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http://web.archive.org/web/20150825185740id_/http://www.cnbc.com/2015/04/13/why-activist-investing-is-not-a-fad-meister.html
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Why activist investing is not a fad: Meister
|
20150825185740
|
Shareholder activism has proven to be a key tool for unlocking value, and while strategies may change over time, activists are not going anywhere, Keith Meister, CEO of Corvex, said Monday.
"Will activism change over the next several years? Of course it will, but the general concept of value investors having ideas, partnering with companies, expressing ideas and helping to create value—I don't think that is a fad. I think that's a multidecade thing," he said in an interview with CNBC's "Squawk on the Street." "Now, how it gets expressed at different times, I think that's the piece that changes."
Meister made his comments from the 13D Monitor Active-Passive Investor Summit in New York City.
He acknowledged that there may indeed be too much activism today, comparing the space to private equity in 2006 and 2007. He noted that while dealmaking has moderated since those years, the private equity players that have survived—such as Apollo Global Management, Blackstone and KKR—are now stronger and continue to create value through their investments.
Read More Activist Clifton Robbins unveils bank investment
Activist investing has also prompted companies to think proactively about their long-term vision, he said.
"Other companies look around and say, 'How do we become the internal activist?' I hear lots of CEOs today say 'I'm the internal activist,'" he said. "That's actually really, really positive."
Meister disputed the idea that activist investing is inherently confrontational. While Corvex will not apologize for expressing its opinion or protecting its investments, he said, the firm tries to avoid fights, noting that it only waged one proxy contest in the 13 times it exercised its voting power during the last four years.
"In most of those situations we were hopefully self-selecting companies to invest in where we thought the management and the board were good actors," he said. "As much as the media wants to label it good guys against bad guys, I think we're all on the same team."
|
Activism will change over time, but the general idea of investors expressing ideas and helping to create value is not a fad, Keith Meister tells CNBC.
| 14.103448 | 0.965517 | 3.310345 |
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http://www.cnbc.com/2014/10/23/world-series-baseball-player-salaries-for-each-win.html
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http://web.archive.org/web/20150826235346id_/http://www.cnbc.com/2014/10/23/world-series-baseball-player-salaries-for-each-win.html
|
Baseball player salaries for each win
|
20150826235346
|
Take, for example, the case of the Arizona Diamondbacks—which ended the season with a paltry 64 wins out of the 160 regular season games. With an estimated payroll of $96 million, those wins cost the teams' owners roughly $1.5 million each. The Los Angeles Angels, on the other hand, made the playoffs with an impressive 98 wins—at a cost of just $980,436 each.
Team owners certainly also care a lot about filling seats and selling tickets. On that score, the Los Angeles Dodgers delivered the best return on their investment.
Read MoreAnd the World Series ticket price winner is...
Based on total attendance, both at home and on the road, the Dodgers played to an average 83 percent capacity crowds at a payroll cost of just $25 per seat. Compare that with the Cleveland Indians, who played to an average 42 percent capacity crowd at a payroll cost of $67 per seat.
No matter how you slice the data, though, major league baseball is an expensive game, with an estimated combined payroll of some $3.5 billion.
That's why winning a game is so expensive. Teams need hits—which average out to $175,753 each—along with runs ($146,895 apiece) and strike outs ($77,450 each).
|
Even if your team didn't make the World Series, it may have performed better—financially—than the eventual pennant winner.
| 10.08 | 0.4 | 0.64 |
low
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low
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abstractive
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http://www.cnbc.com/2014/03/25/young-adults-flock-to-web-broker-obamacare-exchanges-not-so-much.html
|
http://web.archive.org/web/20150827123514id_/http://www.cnbc.com/2014/03/25/young-adults-flock-to-web-broker-obamacare-exchanges-not-so-much.html
|
Young adults flock to Web broker; Obamacare exchanges, not so much
|
20150827123514
|
"This is not a new rodeo for these folks," said Keckley, noting eHealth's experience marketing their product, and ensuring its website shows up high in online searches for health insurance. "The fact that the state and federal exchanges are having problems connecting is what should be disappointing us."
But, he added, the rate of young adults signing up at eHealth is "incredibly good news to supporters of the Affordable Care Act" because it exceeds the rate the government estimated would be necessary to have stable risk pools for insurers.
Sebelius, during her New Jersey appearance, was asked by CNBC about why there was disparity between the young adult enrollment on the government exchanges and on eHealth's site.
She suggested that just because young adults are going to web brokers, "it doesn't necessarily mean that people are signing up outside the market." She also noted that if a young person earned too much money to qualify for government subsidies to buy insurance, they are not obligated to use public Obamacare exchanges to purchase their plans.
Sebelius' spokeswoman Joanne Peters later added, "As with any product, consumers shop in different ways for health insurance, and we have factored this into the health insurance marketplace."
Read MoreOregon health exchange loses second boss: Report
"Consumers have multiple ways to apply—whether it is through contacting the call center, receiving in-person help, applying online, or direct enrollment through an issuer or web broker—the marketplace offers consumers access to coverage options in the marketplace most comfortable for them," Peters said. "By strengthening the multiple channels to enroll in quality, affordable coverage through the marketplace, we are offering Americans more options to purchase new coverage."
Some of the plans sold via eHealth, and other web-based brokers, are the same plans being sold on the government-run exchanges. People who buy such plans via the brokers are joining the same risk pool as the people who buy those plans via the public exchanges, and that's what matters in figuring out prices for premiums in future years.
Sara Collins, an analyst with the Commonwealth Fund, said she anticipates a spike in young adult enrollment on the government exchanges before the deadline, as was seen after Massachusetts' "Romneycare" health marketplace launched.
|
Government Obamacare exchanges lag far behind their targets for enrolling young adults, but an online broker is excelling at signing up those folks.
| 17.84 | 0.76 | 1 |
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http://www.people.com/article/britney-spears-appearance-2015-mtv-vmas-presenter
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http://web.archive.org/web/20150831002242id_/http://www.people.com:80/article/britney-spears-appearance-2015-mtv-vmas-presenter
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Britney Spears Set to Appear at MTV Video Music Awards
|
20150831002242
|
08/27/2015 AT 11:15 PM EDT
The MTV Video Music Awards' star-studded guest list continues to grow.
will be in attendance, PEOPLE confirms.
Spears is presenting the first Moon Man of the night.
shared her excitement about Spears' attendance, sharing a
that reveals the pop icon will be seated next to reality star
. "Definitely bringin myyy autograph book to DIS event!!" she captioned the pic.
News that the 33-year-old singer will be in attendance (which was
) isn't the only exciting announcement that MTV made on Thursday. The network confirmed that
The awards show will also feature
Pharrell, Demi Lovato, Macklemore & Ryan Lewis, A$AP Rocky, TwentyOne Pilots and Tori Kelly.
The MTV Video Music Awards air on Sunday at 9 p.m. ET.
|
The princess of pop will present the show's first Moon Man
| 13.333333 | 0.75 | 1.25 |
low
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low
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abstractive
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http://www.cnbc.com/2013/09/16/americans-still-unconvinced-of-obamacare-poll.html
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http://web.archive.org/web/20150905093448id_/http://www.cnbc.com/2013/09/16/americans-still-unconvinced-of-obamacare-poll.html
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Americans remain unconvinced about Obamacare: NBC/WSJ poll
|
20150905093448
|
Uncertainty about the law may be part of the problem. Only 30 percent say they understand how the law will affect them, while 69 percent say they do not.
In any case, just 23 percent say the law will have a positive impact on the country's overall health care system, while a mere 12 percent say it will have a positive impact on their family.
(Read more: Obamacare exchanges head for 'rocky' start: Expert)
Perhaps most worrisome of all for the White House, 52 percent believe the cost of their health care will go up as a result of the law.
The telephone survey of 1,000 adults,conducted Sept. 5-8, carries a margin for error of 3.1 percentage points.
—By CNBC's John Harwood. Follow him on Twitter: @JohnJHarwood
|
Three and a half years after the passage of the Patient Protection and Affordable Care Act – also known as Obamacare – , Americans remain unconvinced that it will improve their own health care or the nation's, according to an NBCNews/Wall Street Journal poll.
| 3.183673 | 0.346939 | 0.469388 |
low
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http://www.cnbc.com/2014/07/30/the-mall-of-the-future-its-nothing-like-today-test.html
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http://web.archive.org/web/20150905105514id_/http://www.cnbc.com/2014/07/30/the-mall-of-the-future-its-nothing-like-today-test.html
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It's nothing like today
|
20150905105514
|
Read More10 online retailers going from clicks to bricks
To make those bricks-and-mortar shops more interesting, experts envision a high-tech future that wows shoppers with fun technologies they want to play with and makes shopping easier.
One of these ideas is the concept of the endless aisle, where customers shop at a kiosk and can purchase items that are no longer in-stock or aren't sold in stores. Bruce Molloy, vice president of global business development at Customer Mobile, predicted this technology will go one step further in 25 years, becoming what he's dubbed the "wall mall."
Through this technology, Molloy said, retailers could use a single wall to showcase all of their inventory inside stores, to target customers looking for a particular item in a different color, or outside their doors, to draw shoppers in. They could even set up an entire storefront with just one wall.
"This is the new window shopping," he said.
Retailers are also experimenting with the idea of virtual stores, where by walking and moving their smartphones, shoppers can browse virtual aisles and add items to their cart by touching the screen.
Through this technology, Chinese online grocery store Yihaodian in 2012 opened 1,000 virtual stores in one day, which consumers could "enter" via the store's app when they stood in a tagged area. Yihaodian saw its revenue increase 17 percent over a three-month period after the campaign was launched, a spokeswoman said.
Tesco, which is experimenting with ways for consumers to use Google Glass to scan barcodes on in-home grocery products and add them to their virtual shopping carts, is also looking at ways to innovate the in-store experience. The grocer has tested virtual supermarkets where, by using their smartphones to scan QR codes on picture displays, shoppers instantly add the items to their online carts.
|
Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.
| 15.125 | 0.625 | 1.708333 |
low
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low
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mixed
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http://www.cnbc.com/2015/08/05/feds-powell-nothing-decided-on-raising-rates-in-september.html
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http://web.archive.org/web/20150905144319id_/http://www.cnbc.com/2015/08/05/feds-powell-nothing-decided-on-raising-rates-in-september.html
|
Fed's Powell: Nothing decided on raising rates in September
|
20150905144319
|
Federal Reserve Gov. Jerome Powell said Wednesday the labor market continues to look solid, but he's undecided whether interest rates should be raised next month for the first time in nine years.
"First-half growth looks a little stronger now after the first quarter was revised up. Second quarter was reasonably good. The labor market continued to be strong," he told CNBC's "Squawk Box." But, he added, inflation was still "well below" the Fed's targets.
Powell votes on the Fed's policy-setting Federal Open Market Committee (FOMC).
He stressed his decision is data-dependent, but did say he believes the trajectory for rates once the initial hike happens should be shallow. He also said the path for rates is more important than the exact timing of the first move.
Powell's comments came after Atlanta Fed President Dennis Lockhart indicated support for a rate hike next month. In a Wall Street Journal interview published Tuesday, Lockhart, also a FOMC voting member, said the economy appeared ready, unless the data takes a dramatic downturn.
Read More Fed's Lockhart: Sept hike could be 'appropriate'
The debate on Wall Street has focused on whether rates would be increased at the Fed's September meeting or December meeting, both of which feature growth projections and a news conference from central bank chief Janet Yellen.
The Fed has two monthly jobs reports to digest before its September gathering, including Friday's employment data for July. Economists are expecting a July gain of 223,000 nonfarm payrolls and the jobless rate holding steady at 5.3 percent, according to Reuters.
"I believe there is more slack in the economy than 5.3 percent [jobless rate] would suggest," Powell told CNBC Wednesday, ahead the ADP private sector payrolls report, which showed fewer-than-expected jobs created in July.
Read More US private sector adds 185,000 jobs in July: ADP
Policymakers are looking for "some further improvement" in jobs, he said, and "reasonable confidence" of inflation going back to 2 percent in the medium term.
"We've waited and I think been patient. And I think that's the right thing to do. I think the time is coming" for a rate hike, if the data bears outs, he concluded.
|
The Fed governor tells CNBC the labor market is strong, but he has not made up his mind yet on whether interest rates should be raised next month.
| 14.966667 | 0.8 | 2.666667 |
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http://www.cnbc.com/2015/08/25/the-associated-press-union-last-chance-for-icahn-to-avoid-strike-at-casino.html
|
http://web.archive.org/web/20150905205741id_/http://www.cnbc.com/2015/08/25/the-associated-press-union-last-chance-for-icahn-to-avoid-strike-at-casino.html
|
Union: 'Last chance' for Icahn to avoid strike at casino
|
20150905205741
|
ATLANTIC CITY, N.J. (AP) — Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits.
Local 54 of the Unite-HERE union held a public strike preparation event, gathering materials it would need for a strike. It also trained workers to be "picket captains" in the event it makes good on its threat to strike.
Icahn is acquiring the casino from bankruptcy court, but the transfer has not yet become official. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a judge allowed it to do so. Icahn has called the benefits unaffordable, adding he will close the casino if an appeals court reinstates them.
"We want to give the company one last chance to come to their senses," union spokesman Ben Begleiter said. "The workers at the Taj are fed up, and they're ready to go on strike."
The union has been battling with Icahn for more than a year over working conditions and benefits at the Taj Mahal, the lone remaining casino of Trump Entertainment resorts, which Icahn is taking over. The 1,000 union members who work at the Taj Mahal have had to find insurance on their own; the company gave them stipends to help buy coverage under the Affordable Care Act, the federal health care law.
But many workers say that still is not enough to replace the level of health care they need to support their families.
"We're not making it now as it is," said Marc Scittina, who works in a players' club at the Taj Mahal. "We're on the ACA with huge co-pays. It's costing some of us $700 a month, and some people are just going without health insurance."
Icahn did not immediately respond to a request for comment. But he has in the past accused Local 54 of operating an overpriced health plan as a profit-making endeavor, and has likened union leadership to mobsters running protection rackets.
Valerie McMorris, a member of the union negotiating committee and an employee at the Taj Mahal since the day it opened in 1990, said a strike could happen "at any time."
Wayne Parry can be reached at http://twitter.com/WayneParryAC
|
ATLANTIC CITY, N.J.— Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a...
| 7.370968 | 0.967742 | 28.677419 |
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http://www.cnbc.com/2015/07/18/china-woes-to-hit-auto-sales.html
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http://web.archive.org/web/20150905213858id_/http://www.cnbc.com/2015/07/18/china-woes-to-hit-auto-sales.html
|
china woes to hit auto sales
|
20150905213858
|
Additionally, China poses a risk to GM's margins as inventory outpaces sales growth, the firm added. According to the note, the firm expects "sell-side estimates to come down and management to withdraw its guidance on the region."
Growing evidence suggests that collateral damage from China's travails may extend beyond just the two U.S. auto giants. This week, Bloomberg News reported that Audi is jettisoning an internal target to sell 600,000 cars in the country this year, as demand for luxury vehicles is sapped by the stock market rout.
Barclays also gave a downbeat forecast to auto suppliers Borgwarner and Delphi Automotive. Borgwarner's price target was reduced to $55 from $70, while Delphi was cut to $81 from $99. China is a key growth driver for both stocks given their significant exposure to the region, the firm said.
Additionally, Barclays said it sees limited upside for both stocks as volumes continue to weaken.
All three stocks have seen rough stretches in the past three months, with General Motors down 16 percent, Borgwarner down 14 percent and Delphi Automotive down 6 percent.
During the second quarter, China margins struggled with negative pricing trends due to an uptick in inventory. According to Barclays, sales growth in China is stalling, and production needs to fall more to correct inventory.
The firm expects a similar pattern into the 3rd and 4th quarters, and could potentially extend through 2nd half of 2016 due to lack of evidence supporting economic stabilization or recovery.
Despite the negative outlook on the industry, the Barclays note did offer hope.
If China's June sales swoon turns out to be a one-time event, and if Europe production growth accelerates beyond current expectations, then the firm could reassess its bearish position.
For now, however, Barclays expects "wealth impact and psychological impact to linger on the psyche of Chinese consumers," suggesting more negative growth.
|
Shares of General Motors and Ford have seen rough patches this year. One analyst says there's a reason: China.
| 16.086957 | 0.652174 | 1.086957 |
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http://www.cnbc.com/2015/06/17/oracle-earnings-what-analysts-are-looking-for.html
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http://web.archive.org/web/20150906003101id_/http://www.cnbc.com/2015/06/17/oracle-earnings-what-analysts-are-looking-for.html
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Oracle earnings: what analysts are looking for
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20150906003101
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Analysts are expecting that Oracle's earnings declined by 5 percent to 86 cents a share in its latest quarter compared with a year earlier, according to FactSet.
Read MoreStocks higher ahead of Fed; energy leads
"Short term, it really doesn't mean a lot because you're talking about a big transition. I think it will be interesting to find what they're doing on the cloud side, but it's still very early," said Patriarch Equity CEO Eric Schiffer in an interview with CNBC.
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Oracle is shifting from software and hardware to cloud computing and data. Here's what to expect during that transition.
| 4.454545 | 0.454545 | 0.545455 |
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http://www.cnbc.com/2015/09/01/heres-why-it-can-get-much-worse-technician.html
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http://web.archive.org/web/20150906041244id_/http://www.cnbc.com/2015/09/01/heres-why-it-can-get-much-worse-technician.html
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Here's why it can get much worse: Technician
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20150906041244
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In the U.S. stock market, the tail could be wagging the dog.
According to top technician Carter Worth, the growing presence of exchange-traded funds is playing a significant role in the price action in equities. And by his work, that could lead to a lot more selling.
"A lot of individual stocks, it turns out, were being influenced not by what was going on at the stock level but at the ETF level. So a major selling in baskets, forcing stocks themselves to drop significantly, and not on a lot of volume," Cornerstone Macro's Carter Worth said on Monday's "Fast Money."
Last Monday, when the market experienced a 1,000-point drop, moves in the ETFs that track the major indices were not trading in sync with the indices themselves. Worth said that this is caused by knee-jerk "unnatural and robotic" selling in ETFs that can actually drag down the very index that it is tracking.
For example, Worth pointed out that the S&P 400 Mid Cap index dropped 13 percent last Monday on an intraday basis, while the ETF that tracks that index, SPDR S&P 400 ETF (MDY), fell 23 percent.
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Carter Worth explains why extreme volatility in ETFs can be an indicator of more pain ahead for the market.
| 11.5 | 0.65 | 0.95 |
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http://www.cnbc.com/2013/11/18/t-shirt-for-7-or-70-how-the-wealth-gap-is-altering-retail.html
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http://web.archive.org/web/20150906090737id_/http://www.cnbc.com/2013/11/18/t-shirt-for-7-or-70-how-the-wealth-gap-is-altering-retail.html
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T-shirt for $7 or $70? How the wealth gap is altering retail
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20150906090737
|
(L) Nordstrom | (R) Kmart
Robert Barakett $59.50 men’s white T-shirt versus Kmart’s Basic Edition $6.98 white T-shirt.
Looking to get back to the gym before the holidays? The 1 percent may go for Lululemon's $98 yoga pants (despite the recent troubles) but the 99 percent probably is more prone to scoop up the $14.99 product at Target.
On the high-end side, experts say retailers are seeing an opportunity to snag consumers who have fared well in the weak economic recovery and now want the best—even in a toothbrush, hair dryer or coffeemaker.
"A lot of even basic items have gone premium," said Milton Pedraza, CEO of the Luxury Institute, a consulting firm focused on affluent consumers. He said one company even contacted him recently about the possibility of developing a luxury detergent.
On the lower end of the economic spectrum, retailers see the opportunity—or necessity—of appealing to the wide swath of the country who lost ground during a deep recession and weak recovery.
(Read more: A naughty of nice Christmas at stores? Depends on whom you ask)
Brian Sozzi, chief equities strategist at Belus Capital Advisors, points to the success of stores such as Dollar Tree, which sell everyday items at deep discounts. But he also said that, as competition increases to offer basic goods at the lowest price, consumers risk getting a raw deal because the goods are, well, cheap.
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The market now is a place in which even basic goods such as socks and razors are either incredibly cheap or extremely expensive.
| 12.166667 | 0.666667 | 0.833333 |
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http://www.cnbc.com/2013/12/17/stock-shocks-the-worlds-top-performing-markets.html
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http://web.archive.org/web/20150906095624id_/http://www.cnbc.com/2013/12/17/stock-shocks-the-worlds-top-performing-markets.html
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Stock shocks: The world's top-performing markets
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20150906095624
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CNBC presents the 10 top-performing global stock markets for 2013. Based on a ranking of the primary indexes that CNBC tracks, the list is a mix of advanced economies and frontier/emerging markets—and a couple of countries still teetering on the brink in between. The results might puzzle those uninitiated in market mechanics, but according to at least one expert, there is indeed rhyme and reason in the seeming randomness.
Sameer Samana, senior international strategist at Wells Fargo Advisors, shared his take on the findings with CNBC. "For the most part, the real theme of this year is easy money, a rising tide, a lot of countries coming back from the brink and, then, your high-quality players that will continue to benefit from any global tailwind," he said.
By Kenneth Kiesnoski, CNBC.com Posted: 18 Dec. 2013
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The 10 top-performing global stock markets in 2013 include advanced economies and surprise front-runners such as Greece, Egypt and Argentina.
| 6.346154 | 0.653846 | 3.038462 |
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http://www.cnbc.com/2013/09/23/financial-preparation-for-a-government-shutdown.html
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http://web.archive.org/web/20150906103855id_/http://www.cnbc.com/2013/09/23/financial-preparation-for-a-government-shutdown.html
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Financial preparation for a government shutdown
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20150906103855
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A possible government shutdown is getting closer and closer, and with the House offering a plan to provide stopgap funding but defund Obamacare—a plan the White House is certain to oppose—the prospects for compromise are dimming.
(Read more: First thoughts: Boehner's in a lose-lose situation)
At the moment, markets are still riding a wave of elation created by Fed Chairman Ben Bernanke's decision to maintain quantitative easing for now. But the jitters could start at any time.
(Read more: Next up for the market? Government shutdown!)
Some investors are already concerned: Stuart Ritter, a senior financial planner at T. Rowe Price, says calls are starting to come in from clients wondering about the impact of a shutdown.
Regardless of whether markets start feeling the effects of this latest Washington showdown, though, Ritter and others say this is no time for investors to be planning short term tactical investment moves.
"There is always something to potentially react to. But what helps in the long term is putting together an asset allocation plan and sticking to that," he said. "It's not emotionally satisfying in the short term, but it is in most cases more financially satisfying in the long term."
Far more useful than short term investment moves are steps to put your financial house in order, Ritter says. It's always a good idea to have an emergency fund to cover three to six months of household expenses, and such a fund is especially important in times of potential volatility.
"If you don't have it as big as it needs to be, now is the time to start making it bigger," Ritter said. That can mean putting money into a money market fund, or cutting back on expenses, or both.
(Read more: Five ways to grow an emergency fund)
Ritter himself is only too aware of the potential for disruption of all kinds from a government shutdown: His wife and several relatives are federal employees.
"When these events occur they have an emotional effect.There are a lot of things you need to deal with that are associated with these kinds of things," he said, like finding alternate health care providers if a government option is shut down. "Being in a position where you don't have to worry about how to pay for it puts you in a better position to deal with the immediate issue."
Scott Halliwell, a certified financial planner with USAA, is also wary of tactical market moves ahead of a possible government shutdown.
"Generally speaking, our guide to folks would be, you don't want to use an event like this as a driver of wholesale change in your portfolio," he said. A much better idea, he added, is to "spend less money than you earn and have a good emergency plan in place."
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A government shutdown is becoming more likely as Republicans and Democrats spar. Here's how to prepare yourself and your finances.
| 24.391304 | 0.608696 | 0.956522 |
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http://www.cnbc.com/2015/05/19/for-retirees-theres-no-place-like-their-own-home-study.html
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http://web.archive.org/web/20150906121719id_/http://www.cnbc.com/2015/05/19/for-retirees-theres-no-place-like-their-own-home-study.html
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For retirees, there's no place like their own home: Study
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20150906121719
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"No one talks about looking forward to a nice nursing home in retirement," said Judith Chipps, a financial advisor with Merrill Lynch Wealth Management. "Many of the facilities for retirees are fantastic places, but the vast majority of people want a solution where they stay in their own homes."
While the financial condition of the average American heading into retirement is not very good, most people feel optimistic about their housing situations.
A recent survey of more than 3,600 Americans across income, age, gender and ethnic groups by Merrill Lynch and research firm Age Wave found that 81 percent of the respondents over age 65 were homeowners, and 72 percent of them had fully paid off their mortgages and had average home equity of $213,000. Additionally, 66 percent of the retirees in the survey said they felt free to live where they wanted to.
Read MoreUsing a home to fund retirement
"We often think of housing in retirement in terms of disability, but the way retirees talk about it is in the context of freedom," said Ken Dychtwald, president of Age Wave. "They've reached the point where they don't have to live where their kids go to school or near work. They can live how and where they want to."
That feeling of freedom and choice generally characterizes the first 10 to 15 years of retirement, he added. To that point, 64 percent of retirees in the survey said they had either already moved in retirement or expected to at some point.
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Most Americans want to find a way to stay in their own homes, close to family and friends, during their golden years.
| 11.64 | 0.76 | 1.64 |
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http://www.cnbc.com/2015/02/19/hearsay-shifts-to-disrupt-financial-services-fight-robots.html
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http://web.archive.org/web/20150906132513id_/http://www.cnbc.com/2015/02/19/hearsay-shifts-to-disrupt-financial-services-fight-robots.html
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Hearsay shifts to disrupt financial services & fight robots
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20150906132513
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And to ensure that the technology doesn't prompt robotic communication, the tools help advisors easily customize their communication.
The predictive algorithms will suggest to advisors the best clients to contact, based on what they're saying on various social platforms and across the Internet.
If the technology sees you've switched jobs, a financial advisor could reach out and advise you on how to roll over a 401(k). It might suggest a college savings account to a family that's just had a baby.
Read MoreRobo-advisors are no immediate threat, wealth managers say
"Social media in too many companies sits in a silo," Shih said. "To actually realize gains from social, it has to be integrated in how we work, into business."
Shih said the addressable market is huge—over 3 million financial services and insurance agents worldwide, excluding India and China—and she wants to help them keep their jobs, and avoid being replaced by robots.
"Given the flexibility and the low cost of the cloud, it's possible for Fortune 500 corporations to replace legacy systems quickly, and to have new systems up and running in weeks instead of years."
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Hearsay is introducing a set of tools focused on financial services to help advisors keep their jobs in the face of robo-advisors.
| 9.16 | 0.76 | 1.24 |
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http://www.cnbc.com/2015/07/29/whats-the-hurry-janet-federal-reserve-commentary.html
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http://web.archive.org/web/20150906162800id_/http://www.cnbc.com/2015/07/29/whats-the-hurry-janet-federal-reserve-commentary.html
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What's the hurry, Janet?
|
20150906162800
|
While the jobs picture has improved, an inflation rate above 2 percent hasn't materialized. Price stability, or more accurately steady inflation, is the Fed' s second and possibly more important mandate. Despite flooding the economy with unprecedented amounts of free money, the rate of inflation has remained stubbornly low.
Read MoreHere's what changed in the new Fed statement
More concerning is that the Fed's own actions could push the global economy into outright deflation.
The global economy has been broadsided by a deflationary shock. The slowdown in China is one reason for deflationary pressures, but a rising U.S. dollar is just as much to blame. Since most industrial inputs (commodities etc.) are priced in U.S. dollars, a rising dollar pushes prices down. On the surface, one might think that falling input costs area good thing — after all, if a product can be made less expensively, then the corporation should have higher profits. However, this assumes that the price to the consumer remains unchanged. But when falling input prices reflect falling demand (like they are now), the price to the consumer also falls. This means that the company receives no margin benefit from deflation.
Consumers are also quite savvy about purchasing decisions and falling prices often cause consumers to put off purchases while they await lower prices. In response to falling demand, corporations cut back on production, which leads to a cutback in jobs in the medium run. This deflationary spiral is one of the most difficult economic problems to short-circuit. By its own admission, the Federal Reserve has time-tested tools to fight inflation but its deflation-fighting arsenal is severely lacking.
Read MoreCan you guess Janet Yellen's single favorite word?
Over the last year, the Federal Reserve has gone to great trouble to convince investors that any interest-rate increase will be gradual. However, the Fed has miscalculated investor reactions. Market participants may hear the Fed say that a rate increase is gradual, but the rise of the U.S. dollar indicates that investors are buying dollars in anticipation of the eventual rate-hiking cycle. The problem with this dynamic is that it is pushes prices down on everything from copper and steel to oil. Exacerbating the problem is a slowdown of unknown proportions in the Chinese economy.
The flaw in the Fed's logic is that it views declining oil prices as temporary and not necessarily a reflection of a larger slowdown in the global economy. Forecasting is a difficult business, especially when it is about the future, but the reality is that nether I nor the Fed can accurately forecast whether price declines are permanent or temporary. Additionally, not even the Chinese government has an idea of how bad the economic slowdown could be — it was stunned by the stock-market crash, why should we expect it has a better handle on the Chinese economy?
To be clear, I am not advocating for a weak-dollar policy, nor am I suggesting that more quantitative easing is the prescription. My only point is this:
The Fed has kept interest rates at "emergency" levels for six years, knowing that it has better tools to fight inflation rather than deflation and that the extent of the global economic slowdown is unknowable.
So, there is only one question to ask Chair Yellen: What's wrong with waiting 6 months?
Read MoreAlan Greenspan: This is 'extremely dangerous'
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What's the harm in waiting six months to raise rates? asks "Fast Money" trader Brian Kelly.
| 31.142857 | 0.666667 | 0.761905 |
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http://www.bostonglobe.com/arts/music/2014/05/12/boy-named-charlie-brown-displays-vince-guaraldi-trio-many-gifts/TdCwGdrT25mkVLpkEoeoRO/story.html
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http://web.archive.org/web/20150907145211id_/http://www.bostonglobe.com/arts/music/2014/05/12/boy-named-charlie-brown-displays-vince-guaraldi-trio-many-gifts/TdCwGdrT25mkVLpkEoeoRO/story.html
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‘A Boy Named Charlie Brown’ displays Vince Guaraldi Trio’s many gifts
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20150907145211
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Strange as this will probably sound to 21st-century ears, there was a time when rock ’n’ roll was absolutely massive — meaning, the Beatles, Stones, and Dylan had just started doing their respective things — and jazz still made inroads on the charts. Your local jukebox could have “She Loves You” and “Satisfaction” next to greasy hard bop sides by the likes of Art Blakey and Lee Morgan. Deep, soul-encrusted, R&B-funkified jazz.
But here’s the thing: Ask most people if they like jazz, and they’ll probably tell you they don’t, thinking it’s something old and musty and hard to understand, or they’ll say they’re not that familiar with it. And yet everyone loves the music of “Peanuts,” which is enough of its own self-possessed thing that we tend not to regard it as jazz at all. Which is both weird and so Charlie Brown-y.
Nowadays, most of pianist-composer Vince Guaraldi’s “Peanuts’’ music is encountered at Halloween and Christmas in those delightful specials we’ve all seen, regardless of race, faith, or creed, dozens of times. But now we have “A Boy Named Charlie Brown,’’ a soundtrack from 1964 to a film that was meant to chronicle a day — or days— in the life of “Peanuts’’ creator Charles Schulz.
Director-producer Lee Mendelson asked Dave Brubeck, jazz superstar, to do the honors of the soundtrack. Brubeck passed, which later became a classic case of “my bad.” Guaraldi got the nod and brought in trio colleagues Monty Budwig on bass and Colin Bailey on drums. Initial inspiration took hold in the form of “Linus and Lucy,” perhaps the most instantly recognizable piece of music this country has ever produced. For four or five note motivic patterns, it’s as immediately placeable as the opening of Beethoven’s Fifth, and Guaraldi was giddy enough that he first played it to Mendelson over the phone, fearful he’d forget it.
Mendelson had just made a film looking at Willie Mays as the greatest ballplayer, so now the thinking was to do one on the world’s worst — our man Chuck B — who had helmed his team to no less than 983 consecutive losses. But this being Charlie Brown, the potential TV film became rather like one of those footballs Lucy was always ripping away at the last second, and none of the networks would agree to air the picture. “A Boy Named Charlie Brown,” the soundtrack to the film that wasn’t, was released though. (Again, odd. Come buy the soundtrack of the film you never saw?)
You would have been wise to do just that, or to do so now. This is jazz, from a certain point of view, and in this fresh mix you can get a better sense than ever for the crucial roll of Bailey’s brushwork, and it’s like it fed right into how the later specials were written — underscoring Snoopy swooshing across the ice, or leaves rustling in that most forlorn of pumpkin patches.
“Schroeder,” a sub-2-minute charmer, is straight out of the Stephen Foster songbook, with rustic highlights enlivened by a tintinnabulous, bell-like quality to Guaraldi’s opening piano passes. The “Peanuts’’ gang had a way of taking life’s minor key moments and turning them into more upbeat, major-key affairs by the end — we should all be so blessed — and “Schroeder” provides a nice musical analogue to that feat.
The “Charlie Brown Theme” features, appropriately, clusters of blue notes, and while it’s a “Kind of Blue”-lite type of treatment, boyish insouciance (which is often pretend insouciance) gives way to reflection, which in turn is succeeded by get-up-and-go vim, as was Charlie Brown’s wont and way.
Beatles fans are apt to see a title like “Happiness Is” and draw a rather regrettable conclusion, especially as the happiness in this instance is a dog who is also a rogue, and probably the most lovable non-human rogue in pop culture history. Maybe it’s his rococo personality, but for whatever reason, Snoopy’s track is the closest we get to European classical music territory here. Something on the classy side for the doghouse hi-fi.
“Freda (With the Naturally Curly Hair)” epitomizes, in sonic form, the girl who got away, or the girl who couldn’t be bothered to care because she was too busy nattering on. It’s a chirpy, sparrow-y kind of a song, with a nice pile-driver rhythm, but it’s “Blue Charlie Brown” that is the real takeaway song that you might not know. Remember how when Linus is going out to the pumpkin patch and the sky is ever-darkening, turning to that shade of obsidian crossed with mottled purples? That’s the sound of “Blue Charlie Brown,” were the Great Pumpkin to finally descend and exclaim a “Behold! Check out this album!”
|
Nowadays, most of pianist/composer Vince Guaraldi’s Peanuts music is encountered at Halloween and Christmas-time in those delightful specials we’ve all seen dozens of times. But now we have this soundtrack from 1964 to a film that was meant to chronicle a day — or days— in the life of Peanuts creator Charles Schulz.
| 15.935484 | 0.983871 | 10.306452 |
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http://www.cnbc.com/2015/08/25/business-wire-inside-secureas-award-winning-hce-payment-solution-achieves-visa-ready-approval.html
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http://web.archive.org/web/20150908052747id_/http://www.cnbc.com/2015/08/25/business-wire-inside-secureas-award-winning-hce-payment-solution-achieves-visa-ready-approval.html
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INSIDE Secure’s Award-Winning HCE Payment Solution Achieves Visa Ready Approval
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20150908052747
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INSIDE Secure MatrixHCE eases mobile payment app development for banks and card issuers, reducing their time-to-market
AIX-EN-PROVENCE, France--(BUSINESS WIRE)-- Regulatory News:
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150825005779/en/
INSIDE Secure (Paris:INSD), a leader in embedded security solutions for mobile and connected devices, today announced that its award-winning mobile payments security solution is now functionally Visa Ready approved by Visa Inc., for use in Visa Inc. territories. MatrixHCE, a software-based banking and payment solution, protects sensitive data on mobile devices while allowing banks to prominently market their brands. It permits mobile phones to be used as payment cards (credit, debit or prepaid) in the retail environment and supports key features such as transaction logging, receipts, biometric authentication and token processing.
“INSIDE Secure is extremely pleased to receive functional Visa Ready approval for MatrixHCE, one of the first mobile payment solutions for financial institutions,” said Martin Bergenwall, EVP of INSIDE Secure’s Mobile Security Division. “MatrixHCE not only meets the latest HCE standard, but it also incorporates potential future requirements including updatable whitebox cryptography to protect tokens, code and data.”
Additional features of MatrixHCE include:
To learn more about MatrixHCE and its benefits, please visit: http://www.insidesecure.com/Products-Technologies/Mobile-Payment-and-Banking/Matrix-HCE
About INSIDE SecureINSIDE Secure (Euronext Paris FR0010291245 – INSD) provides comprehensive embedded security solutions. World-leading companies rely on INSIDE Secure’s mobile security and secure transaction offerings to protect critical assets including connected devices, content, services, identity and transactions. Unmatched security expertise combined with a comprehensive range of IP, semiconductors, software and associated services gives INSIDE Secure customers a single source for advanced solutions and superior investment protection.
For more information, visit http://www.insidesecure.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150825005779/en/
Company contact:Geraldine SaunièreMarcom Director, +33 (0) 4 42 37 02 37gsauniere@insidesecure.comorINSIDE SecureMedia and analyst contact:Lorraine Kauffman-Hall, + 1 704-882-0443lhall@attainmarketing.com
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INSIDE Secure MatrixHCE eases mobile payment app development for banks and card issuers, reducing their time-to-market. INSIDE Secure, a leader in embedded security solutions for mobile and connected devices, today announced that its award-winning mobile payments security solution is now functionally Visa Ready approved by Visa Inc., for use in Visa Inc....
| 5.953125 | 0.96875 | 29.53125 |
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http://www.people.com/article/caitlyn-jenner-matt-lauer-today-interview-preview
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http://web.archive.org/web/20150910003434id_/http://www.people.com/article/caitlyn-jenner-matt-lauer-today-interview-preview
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Caitlyn Jenner Says Halloween Costumes Inspired by Her Aren't Offensive : People.com
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20150910003434
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09/08/2015 AT 11:35 PM EDT
says there's no hard feelings about a controversial Halloween costume that takes cues from her famous
Jenner acknowledges that some in the LGBTQ community consider the Halloween costumes offensive, but she tells
she doesn't see it that way.
"I'm in on the joke. I don't think it's offensive at all," Jenner says in a preview for her upcoming
interview with Lauer. "I know the community does and they've gotten a lot of criticism for doing it. I think it's great."
Jenner goes on to list one minor complaint, joking "They could have a better looking outfit."
The interview airs in two parts on Wednesday and Thursday. Jenner and Lauer will discuss Jenner's dating life,
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The reality star's Today interview airs Wednesday and Thursday
| 15.1 | 0.7 | 1.5 |
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http://www.theguardian.com/artanddesign/2012/oct/04/artists-artes-mundi-shortlist-death
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http://web.archive.org/web/20150912025846id_/http://www.theguardian.com/artanddesign/2012/oct/04/artists-artes-mundi-shortlist-death
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Artists on Artes Mundi shortlist explore death, memory and immigrants' rights
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20150912025846
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Death looms ominously in Teresa Margolles's moving works for the fifth Artes Mundi contemporary art prize – the squelch of an autopsy scalpel, the hiss of water used to clean bodies in the morgue and the bloody tiles on which a friend was murdered.
The Mexican is one of seven artists shortlisted for an international award given out every two years, rewarding artists who engage with social reality and the human condition.
On Thursday, work by all the artists went on display at the National Museum of Art in Cardiff.
Margolles is showing an incredibly personal piece that she has only ever displayed in a small Mexican gallery, made up of floor tiles that she took from the building where a friend was murdered.
In another work, water used to clean bodies in a morgue drips on to hotplates where you can hear it sizzle. A third work has the sounds of a murder victim's autopsy from the first thoracic incision.
"It is gruesome, but it is real," said Artes Mundi's artistic director, Ben Borthwick. The works poignantly show that "death happens everywhere, it happens here and it happens to all of us".
Artes Mundi was created 10 years ago, partly as a way to get important contemporary art shown in Wales, and it has grown in stature over the decade.
It is now the most lucrative arts prize in the UK – the winner gets £40,000 – and has tentacles everywhere, with the art of Artes Mundi set to be included on the GCSE and A-level curriculum of Welsh schools.
Borthwick said the questions raised by contemporary art were not just for the art lesson, but could also be for geography or science or languages.
Certainly there is much to engage with in this year's show, which is taking place in the 800 sq metres of space for contemporary art that opened in the museum last year.
It is a resolutely international show with the seven shortlisted artists whittled down from 750 after an open call for nominations.
The only British artist is the Berlin-based Phil Collins, who is showing work including Free Fotolab, a fascinating slideshow of other people's photographs – weddings, parties, attempts at art – which shows the baffling side of human nature but also the positive.
Swede Miriam Bäckström, whose practice explores the processes of creating and recreating memory, has created a 12-metre-wide tapestry called Smile As If We Have Already Won. It seems to have thousands of broken mirror fragments which might or might not be reflecting something. "It is a game for you to work out," said Borthwick.
The Cuban artist Tania Bruguera is continuing her five-year project Immigrant Movement International (2010-2015) which explores what defines an immigrant, and visitors to the show are invited to sign a "moral commitment contract" promoting the rights of immigrants.
The Slovenian artist and architect Apolonija Šušteršič is interested in urban regeneration and has been investigating the development of the Cardiff Bay area following completion of the barrage. She has created a small indoor lawn on which to watch her interviews with supporters and opponents.
Lithuanian Darius Mikšys has created a work which takes lots of things from the museum's collection – a 150m-year-old ichthyosaurus, a miner's helmet and so on – and displays them in cabinets. They were chosen after the catalogue essay written about him was deconstructed and key search terms were fed into the National Museum Wales's databases.
"In one sense it is the artist treating the collection as a kind of primordial soup," said Borthwick. "In another sense it is a portrait of Wales."
The final exhibitor is the Indian artist Sheela Gowda, who is showing an abstract sculpture, Kagebangara, made from tar drums given to her by Indian roadworkers.
If previous years are anything to go by, the gallery expects up to 80,000 visitors to the show and the winner, to be decided by a jury chaired by Tim Marlow, will be announced on 29 November.
• Artes Mundi 5 is at the National Museum of Art in Cardiff from 6 October to 13 January.
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Works on show at National Museum of Art in Cardiff include Teresa Margolles's tiles from the scene of a friend's murder
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http://www.people.com/article/gunman-killed-after-hostages-los-angeles-restaurant
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http://web.archive.org/web/20150913174329id_/http://www.people.com:80/article/gunman-killed-after-hostages-los-angeles-restaurant
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Gunman Killed After Taking Hostages in Los Angeles Restaurant : People.com
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20150913174329
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09/11/2015 AT 09:50 AM EDT
An armed carjacking suspect who seized four hostages in a crowded Los Angeles restaurant was shot dead Thursday evening after a SWAT team raided the restaurant. Despite several reports saying that SWAT team members shot him dead, it is not clear whether law enforcement fired the fatal shot,
At least four people were being held hostage inside Chris' and Pitt's barbecue joint in Downey,
. Los Angeles county sheriff's Lt. Eddie Hernandez told the AP that the man did not fire at the SWAT team. The suspect, whose name has not been released, was declared dead at the scene.
that the suspect fired two shots in the air before running into the restaurant. "We were eating dinner and I just heard a man screaming 'Get down! Get down!'" patron Stella Aguilera told the outlet. "My daughter was in the bathroom with my little granddaughter, 2 years old. And we all got down I grabbed my baby grandson, and I saw the guy with the gun. And he was asking, 'I need some medication, just anybody give me medicine.'"
The gunman then shouted that all women and children could leave, Aguilera said, at which point she and many others scurried out.
Police first spotted the gunman when a sheriff's helicopter got a signal from a stolen Honda Civic, sheriff's Cmdr. Mike Parker told the
. The chopper then spotted the man allegedly stealing another car at gunpoint, leading to a high speed chase and a car collision involving the suspect, police said. The suspect was ultimately forced to stop his vehicle, at which point he ran out of the car and into the restaurant, police said.
"This was a very dangerous night for law enforcement and the public," Parker said.
One person could be seen in handcuffs outside the restaurant during the ordeal but Parker said that was just a precaution until deputies could be sure of the suspect.
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Four people were held hostage inside the crowded barbecue restaurant
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http://www.cnbc.com/2015/04/24/the-one-word-people-need-to-say-more-no-commentary.html
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http://web.archive.org/web/20150913213625id_/http://www.cnbc.com/2015/04/24/the-one-word-people-need-to-say-more-no-commentary.html
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The one word people need to say more-No!
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20150913213625
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We tend to think hustle means "work harder," or "chase every opportunity all at once in every possible direction." But real hustle is an act of focus, not frenzy.
Read MoreMillennials lazy? Ask the 'Three Little Pigs'
You have to say "no" as often as you say "yes," when you hustle, but how do you know which opportunities you should pursue? How do you avoid the wrong ones and jump into the right ones? How do you make sure you don't make a fool of yourself in front of 500 people while wearing a tuxedo?
That last one didn't happen to you? Just me? OK then, allow me to explain.
I once co-hosted a gala at the historic Fox Theater in Atlanta. At the end of the night, I tried to invite my co-host back up to close the evening. From backstage, she refused to join me in the spotlight. She kept shaking her head "no" and staring over my shoulder. Finally, I turned to see what she was looking at. Standing next to me was the last performer of the night, someone I had forgotten to announce.
In that moment I froze and forgot her name. I was faced with a dilemma, do I just announce her by what she does? "Ladies and Gentlemen, Spoken Word!" Or do I wing her name? Give it the old college try?
Read MoreOffice 'Mean Girls': Don't let them win!
I decided to go with the second option, essentially ad-libbing her name and proceeded to shout into the microphone. "Please give a warm welcome to Amani Brown!"
As she walked by me, a kind smile on her face, I remembered that her name was actually Amena not Amani.
What I learned that night is that I suck at hosting events. I can't do it to save my life. People think that just because I speak at companies, colleges and conferences that that I can move the night along as an emcee but they are mistaken. Hosting an event is a completely different craft from speaking at an event and involves sequence, something I am horrible at.
So now I say no to opportunities like that because hustling on the wrong thing just gets you in the wrong place faster.
Knowing when to say yes and no is the key to hustle discernment. If you don't have an easy time with that naturally, ask yourself these questions when faced with an opportunity:
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There's one word people need to learn to say more—No. Here's why.
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http://www.bostonglobe.com/business/2015/09/10/wild-swings-etfs-black-monday-added-market-turmoil/FeBLyTCzvRXTt60OdLbNnL/story.html
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http://web.archive.org/web/20150914012015id_/http://www.bostonglobe.com:80/business/2015/09/10/wild-swings-etfs-black-monday-added-market-turmoil/FeBLyTCzvRXTt60OdLbNnL/story.html?
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Wild swings in ETFs on Black Monday added to market turmoil
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20150914012015
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The wild swings in prices for exchange-traded funds during the stock market’s Black Monday two weeks ago were even wider than has been generally reported, with more than 100 funds briefly losing more than 30 percent of their value, according to a firm that tracks the business.
Those funds own a wide variety of investments. One invests in Chinese currency; another focuses on technology stocks, according to data provided to the Globe by ETFdb.com. One borrows money to double its bet on health stocks. Still another bills itself as a “low volatility” small-stock fund.
Investment firms and regulators are scrambling to get a handle on what happened in this $2 trillion sector of the market on Aug. 24, when the Dow Jones industrial average dropped nearly 1,100 points in minutes.
A seemingly simple investment meant to mimic an index of securities but trade like an individual stock suddenly became riskier than anyone realized when markets went south.
“The question is, is this a growing pain or does this reveal a fundamental flaw in ETFs, that they don’t do well in a volatile market?’’ said Marshall Carter, former chief executive of Boston’s State Street Corp. and a former top official of the New York Stock Exchange.
On Aug. 24, ETFs appeared to add to the rapid-fire trading, much of it ordered by computers, that drove the market to its worst day since the Flash Crash of 2010. It all started when many stocks failed to be priced properly that morning, leading to confusion in valuing the ETFs that own those shares.
Paradoxically, some of the very rules meant to calm volatile markets instead riled them further on Black Monday.
New rules kicked in to briefly pause trading in plunging stocks and ETFs, but the delays only exaggerated the problem, specialists said. Fifteen exchange-traded funds plunged by more than 50 percent during the trading day, before settling at smaller losses and some gains. Those swings then triggered computer-generated selling by large institutional investors.
The trading pauses “actually made things worse,’’ said Paulo Herman, an ETF specialist at Mitre Media in Toronto, which owns the website ETFdb.com. “Going forward, there are going to have to be changes.”
The most volatile ETF that day, Invesco Ltd.’s PowerShares KBW High Dividend Yield Financial Portfolio, dove nearly 89 percent, before ending the day with a 2.9 percent gain. The fund focuses on a list of 24 to 40 financial and real estate securities, but it is far from the most exotic of the ETF offerings on the market.
Indeed, specialty firms and established Wall Street players have been spinning out scores of new ETFs in recent years, slicing and dicing up stock and bond indexes and adding such twists as leverage, or borrowing; currency bets; and even ETFs that own only shares of other ETFs.
These investments are managed by many different investment firms, including units of Bank of New York Mellon Corp., Invesco of Atlanta, and ProShares Trust of Bethesda, Md. But three companies — BlackRock Inc., State Street’s investment arm, and the Vanguard Group — command most of the ETF market, managing more than $1.6 trillion combined.
Federal regulators at the Securities and Exchange Commission were starting to think harder about the explosive growth of these investments, which have doubled their assets in five years, before Black Monday. Those concerns now have grown.
Of the $631 billion that changed hands across all US exchanges on Aug. 24, ETFs accounted for 40 percent of the trading volume, according to David Mazza, head of ETF research at State Street Global Advisors.
State Street’s huge fund that tracks the mainstream Standard & Poor’s 500 Index accounted for 15 percent of the ETF trading volume.
Mark Williams, a Boston University finance professor, said ETFs were meant to be efficient, low-cost ways for investors to diversify. But they’re not necessarily right for all asset classes, he said.
“This could be an example where financial engineering may have gone too far,’’ he said.
Investment firms that sell ETFs, exchange executives, large investors, and regulators all have been huddling this week to discuss the trading irregularities, these people said. It’s unclear what actions might be taken to head off similar technology-driven spirals in the future. But financial executives are not playing down their concerns.
“We are concerned about the impact this may have had for some of our clients and believe that the market structure in the US needs to be carefully examined to ensure it can cope with modern market dynamics,” said Melissa Garville, a spokeswoman at BlackRock, the New York investment giant with the largest ETF business.
She also said, “We’re working with a broad set of market participants to identify what types of changes to market structure could help further improve the function of US equity markets.”
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The wild swings in prices for exchange-traded funds on Black Monday were even larger than has been widely reported, with 15 funds falling more than 50 percent over the course of the day.
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