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May 5, 2012

Bailon to replace Robbins as Post-Dispatch editor

Filed under: economics, marketing — Tags: , , , — Silver @ 11:16 pm

Post-Dispatch Editor Arnie Robbins announced Friday that he will step down this month. Editorial Page Editor Gilbert Bailon will take over, becoming the paper’s eighth editor in its 134-year history.

Robbins, 59, has led the Post-Dispatch since 2005, after seven years as managing editor.

The last seven years have been a tumultuous time for the newspaper industry, including the Post-Dispatch. The paper has endured falling print circulation and several rounds of newsroom layoffs and buyouts. But it also has seen website visitors nearly double since 2007 and has been named a finalist for the industry’s top honor, the Pulitzer Prize, three times in the last four years.

Despite the economic challenges, Robbins made his mark on the paper and the St. Louis region, said publisher Kevin Mowbray.

“Arnie has done a fabulous job managing this newsroom through change, with honor and grace,” Mowbray said. “I’m really sad to see him go.”

In a speech to the newsroom Friday afternoon, Robbins stressed that he alone decided to step down, wanting “balance in my life.” He started considering it seriously on a hiking trip earlier this year.

That decision, Robbins said, comes with mixed emotions.

“I’ll miss walking around the newsroom. I won’t miss waking up at 3 a.m. and worrying about the newsroom,” he said. “We’ve been through a lot together. I’m happy, but I’m sad.”

Robbins said he has no immediate plans, that he might explore university or foundation work, and that he and his wife hope to stay in St. Louis.

Stepping into his shoes will be Bailon, 53, who has been the newspaper’s editorial page editor since late 2007. He previously spent 21 years at the Dallas Morning News, where he rose through the ranks from nightside general assignment reporter to the post of executive editor and then editor and publisher of Al Día, the paper’s Spanish-language subsidiary.

Bailon said he understands the challenges facing big metro newspapers but called their mission as vital as ever.

“We’re not going anywhere,” he said. “People want information. They want to pick up something and know they can trust it. We can provide that.”

If anything, Bailon said, the proliferation of news platforms — from print to smartphones to tablets — provides more opportunity for an organization such as the Post-Dispatch.

“I see a good future for us,” he said.

Having a top editor who thinks creatively about technology and the economics of journalism has never been more important, said Jill Geisler, who teaches newsroom leadership at the Poynter Institute, a journalism think tank in Florida.

“Being a superb journalist, that’s the starting point now,” she said. “There has to be a much deeper understanding of audience, a deeper understanding of the business side.”

Bailon brings that understanding, Mowbray said.

“I’m confident that Gilbert will continue the outstanding and exceptional work that is produced by our newsroom each and every day,” he said.

In an unrelated move, Sports Editor Reid Laymance left the Post-Dispatch on Friday. Steve Parker, deputy managing editor for news, will replace him on an interim basis while retaining oversight of Page 1. No replacement has been named for Bailon on the editorial page.

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May 1, 2012

Itsy-bitsy teeny cell towers are coming

Filed under: lenders, marketing — Tags: , , , — Silver @ 8:52 am

The cell phone capacity problem is getting bigger by the day, but one potential solution has wireless carriers thinking smaller — way smaller.

As smartphone and tablet usage soars, the giant cell towers that mobile devices communicate with are getting overloaded. As a result, cell phone companies have begun to get behind the idea of "small cells": tiny antennas that you can hold in your hand.

Small cells make much more efficient use than traditional towers of carriers’ increasingly precious wireless spectrum. The low-powered devices can cut back on interference, improve cell reception indoors and become Wi-Fi hotspots to offload traffic from cramped cellular networks.

Such spectrum-maximizing tricks are becoming increasingly important as mobile traffic booms. By 2016, more than half of the Internet’s traffic will come from mobile devices, and 71% of that will be big video files, according to Cisco’s (, Fortune 500) latest Mobile Visual Networking Index, the industry’s most comprehensive annual study.

Carriers would typically handle that growth by adding new cell towers or more radios to existing towers. But that’s an expensive process, and many metropolitan areas are now so packed with towers that new ones would be riddled with interference concerns.

"That has major implications for how you build out mobile infrastructure," said Murali Nemani, head of service provider marketing for Cisco. "The rationale behind small cells has a lot to do with this perfect storm that is brewing."

Echoing Apple’s proclamation of a "post-PC" world, Cisco CEO John Chambers said last month that we are entering a "post-macrocell era."

Telecom analysts agree. Small cells will make up 90% of total cell tower deployments by 2015, Nomura analyst Stuart Jeffrey predicts.

One of the main selling points is their low cost. The revenue generated by small cell infrastructure sales will make up just 5% of the total revenue from base station sales, Jeffrey estimates, even as small cells grow to dominate the market.

They also offer greater flexibility. Wi-Fi is a potent tool for fighting the spectrum crunch — carriers can use it to offload traffic from their cell networks — but today’s networks can be painfully tricky to use. Customers have to seek out a network, remember their credentials, and manually sign in.

Cisco’s small cells use a new "passpoint" standard, certified by the industry-governing Wi-Fi Alliance, that allows carriers to automatically sign their customers in to hotspots. The technology is expected to be released this summer. One day soon, you could walk into a mall with your iPhone and be switched to your carrier’s Wi-Fi network without even knowing it.

The carriers aren’t touting the technology just yet — Verizon (, Fortune 500), Sprint (, Fortune 500) and AT&T (, Fortune 500) all declined to comment for this article about their small-cell investments — but they’re all in various stages of deploying it.

AT&T recently won approval from Palo Alto, Calif., city officials for a significant test project throughout the city. Verizon’s top network planning executive said at a conference last year that the carrier will use small cells to help manage its network capacity, while Sprint recently partnered with small cell hardware maker AirWalk Communications.

Cisco is just one of many mobile infrastructure providers hoping to get on the bandwagon. Alcatel-Lucent (), Powerwave () and others are promoting their own small cells, each with a different feature set.

Alcatel-Lucent’s lightRadio, introduced last year, is a cube that fits in the palm of your hand and can be fastened to the top of lamp posts or placed on the sides of buildings. The company is developing several new devices, based on lightRadio, that will bring coverage indoors and be capable of sending both 3G and 4G signal simultaneously.

Powerwave’s small cells are able to plug into an ethernet connection and broadcast a carrier’s signal. They are also designed to blend in to their surroundings so they don’t become an eyesore in places like office buildings or stadiums.

"There is a huge opportunity coming," said Juan Santiago, head of Powerwave’s product management. "No one wants a giant cell tower in their backyard." 

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April 6, 2012

Olive: SNC-Lavalin

Filed under: marketing, technology — Tags: , , , — Silver @ 6:04 pm

You wouldn

March 6, 2012

China Inflation Goal Allows for Relaxing Price Controls - Bloomberg

Filed under: marketing, term — Tags: , , , — Silver @ 5:44 pm

China set a 2012 target for inflation that

February 1, 2012

Hong Kong Plans $10 Billion Boost to Economy - Bloomberg

Filed under: Lending rates, marketing — Tags: , , , — Silver @ 11:48 am

Hong Kong will spend nearly HK$80 billion ($10.3 billion) to bolster growth as the government forecasts the weakest expansion since 2009 on a

January 29, 2012

APNewsBreak: UN weapons experts going to Tehran

Filed under: marketing, technology — Tags: , , , — Silver @ 7:56 am

The U.N. nuclear agency is including two senior weapons experts on its next mission to Tehran in an unusually clear statement on the team’s prime focus _ wresting information from Iranian officials about suspicions the country has secretly worked on atomic arms.

Iran has flatly refused to discuss such allegations for more than three years, saying they were based on phony intelligence from the U.S. and others seeking to harm the Islamic Republic.

But diplomats on Friday told The Associated Press that the weapons experts were part of the U.N team and that Iran had accepted their inclusion after some initial resistance. That suggested that the Islamic Republic was being more conciliatory on the issue of secret weapons work than usual as the International Atomic Energy Agency mission prepares to fly from Vienna to Tehran Saturday.

All six diplomats interviewed said Tehran had not committed to discussing the issue. But three of them added that Iranian officials indicated openness to talking about all topics during the IAEA mission that ends early next week _ a departure from standard reluctance by Tehran to exclude give-and-take on the arms allegations.

None of the diplomats expressed confidence of a breakthrough. But the Iranian stance at least allows the mission to have some home of making a dent into Iran’s wall of silence about its alleged clandestine nuclear weapons work.

Any progress on the issue would be significant.

Tehran has blocked IAEA attempts for more than three years to follow up on U.S. and other intelligence alleging covert Iranian work on nuclear arms, dismissing the charges as baseless and insisting all its nuclear activities were peaceful and under IAEA purview.

Faced with Iranian stonewalling, the IAEA summarized its body of information in November, in a 13-page document drawing on 1,000 pages of intelligence. It stated then for the first time that some of the alleged experiments can have no other purpose than developing nuclear weapons.

Iran continues to deny the charges and no change in its position is expected during the Tehran talks with IAEA officials. But even a decision to enter a discussion over the allegations would be a major departure from outright refusal to talk about them.

The diplomats said that the IAEA team was looking for permission to talk to key Iranian scientists suspected of weapons work, inspect documents relating to such suspected work and get commitments for future visits to sites linked to such allegations.

As most often the case, the IAEA team is headed by Herman Nackaerts, the chief agency official in charge of the Iran file _ but the makeup of the rest of the team reflects the importance attached by the agency to the trip.

Two diplomats said Friday that nuclear weapons experts Jack Baute of France and Neville Whiting of Britain would accompany Nackaerts.

While both fulfill IAEA functions not directly related to nuclear arms research, they were connected to their nation’s weapons programs before they came to the agency.

One of the diplomats _ who is familiar with the thinking that went into setting up the mission _ said their inclusion was meant to send a clear signal to the Iranians. He, like the five other diplomats, asked for anonymity in exchange for discussing privileged information,

Also on the team is Rafael Grossi, IAEA chief Yukiya Amano’s right hand _ another indication of the importance the agency has attached to the trip.

The three-day visit comes as anxiety grows daily about Iran’s nuclear capacities _ and what it plans to do with them.

Since the discovery in 2002 that Iran was secretly working on uranium enrichment, the nation has expanded that operation to the point where it has thousands of centrifuges churning out enriched material _ the potential source of both nuclear fuel and fissile warhead material.

Iran says it is enriching only to generate energy. But it has also started producing uranium at a higher level than its main stockpile _ a move that would jump start the creation of highly enriched, weapons grade uranium, should it chose to go that route. And it is moving its higher-enriched operation into an underground bunker that it says is safe from attack.

Israel in particular is concerned by Iran’s expanding enrichment capacities _ and increasing evidence of secret nuclear weapons work.

Israeli Defense Minister Ehud Barak said Friday the world must quickly stop Iran from reaching the point where even a “surgical” military strike could not block it from obtaining nuclear weapons.

Amid fears that Israel is nearing a decision to attack Iran’s nuclear program, Barak said tougher international sanctions are needed against Tehran’s oil and banks so that “we all will know early enough whether the Iranians are ready to give up their nuclear weapons program.”

The United Nations has imposed four rounds of sanctions against Iran, but veto-wielding Russia and China say they see no need for additional punitive measures. That has left the U.S. and the European Union to try to pressure other countries to follow their lead and impose even tougher sanctions.

“We are determined to prevent Iran from turning nuclear,” Barak told reporters during the annual meeting of the World Economic Forum.

“It seems to us to be urgent, because the Iranians are deliberately drifting into what we call an immunity zone where practically no surgical operation could block them,” he said, alluding to increased Iranian efforts to move their enrichment work deep underground.

Separately at Davos, U.N. Secretary General Ban Ki-Moon urged a resumption of dialogue between Western powers and Iran on the nuclear issue. He said Friday that Tehran must comply with Security Council resolutions and prove conclusively that its nuclear program is not directed at making arms.

__

George Jahn can be reached at http://twitter.com/georgejahn

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January 19, 2012

Chinese Officials Said to Weigh Easing Constraints on Banks - Bloomberg

Filed under: marketing, news — Tags: , , , — Silver @ 6:32 pm

China is allowing the nation

January 16, 2012

Ship rescue ops suspended off Tuscany in rough sea

Filed under: legal, marketing — Tags: , , , — Silver @ 8:28 am

Rescue crews say a rescue operation on a cruise ship that ran aground and capsized off Tuscany has been suspended after the Costa Concordia shifted a few inches (centimeters) in rough seas.

Fears are mounting that if the ship shifts significantly, the 500,000 gallons of fuel may begin to leak into the pristine waters around the island of Giglio.

Fire department spokesman Luca Cari said the ship had shifted a few centimeters vertically and horizontally Monday because of the seas. He said an underwater search for 16 people still unaccounted for from the 4,200 on board was suspended immediately.

Six people were killed when the ship ran aground Friday. Costa has said the captain, who has been jailed, made an unauthorized deviation from the ship’s planned course.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

ROME (AP) _ The captain of the cruise ship that capsized off Tuscany made an unauthorized, unapproved deviation from its programmed course, a “human error” that led to the grounding of the vessel, the chief executive of the ship’s Italian owner said Monday. At least six people died in the incident.

The comments from Costa Crociere chairman and CEO Pier Luigi Foschi ramped up the pressure on the captain, who already is under investigation by authorities for suspected manslaughter and as well as allegations he abandoned ship before the passengers were safe, violating the Italian navigation code.

The Costa Concordia ran into a reef Friday night and capsized into the port area of Giglio, sparking a frantic evacuation of the 4,200 people onboard. Coast Guard officials have expressed concern that the ship might slip off the rocks where it is currently perched.

On Monday, the rescue operation was called off as weather worsened and a sixth body was found. Foschi said it wasn’t because the ship had shifted but because divers heard “sounds” coming from inside and didn’t know what was causing them. Sixteen people remain missing Payday Loan for Bad Credit.

Foschi said the company, which is owned by the world’s largest cruiseline, Carnival Corp., stood by the captain, Francesco Schettino, and would provide him with legal assistance. But he said the company disassociated itself from his behavior.

Costa ships have their routes programmed, and alarms go off when they deviate, the chief executive said in a press conference.

“This route was put in correctly. The fact that it left from this course is due solely to a maneuver by the commander that was unapproved, unauthorized and unknown to Costa,” he said.

Schettino has insisted he didn’t leave the liner early, telling Mediaset television that he had done everything he could to save lives.

“We were the last ones to leave the ship,” he said.

Foschi said the liner had passed all safety and technical tests in its 2011 evaluation. He added that the company’s main concern was the safety and well-being of the passengers and crew, as well as to ensure fuel doesn’t leak out from the upended hull into the pristine waters off the island of Giglio.

There were 500,000 gallons of fuel on board, in 17 separate tanks, Foschi said.

“There are no signs of pollution” to date, but officials are on high alert in case the ship suddenly shifts due to worsening weather conditions, Foschi said. Sensors have been put in place to track the movements of the ship.

Questions have been swirling about why the ship had navigated so close to the dangerous reefs and rocks that jut off Giglio’s eastern coast, amid suspicions the captain may have ventured too close while carrying out a maneuver to entertain tourists on the island.

Residents of Giglio said they had never seen the Costa come so close to the dangerous “Le Scole” reef area.

Source

December 19, 2011

Egypt’s military, activists vie for public support

Filed under: legal, marketing — Tags: , , , — Silver @ 2:16 am

Egypt’s ruling military and the revolutionaries who demand they immediately step down battled for a third day in the streets on Sunday _ and competed fiercely for the support of a broader public that has grown tired of turmoil since the fall of Hosni Mubarak 10 months ago.

The generals appear to be winning the fight for the public, despite a heavy-handed crackdown on protesters around Cairo’s Tahrir Square using a roughness that rivals even that of Mubarak’s widely hated police force.

The protesters have tried to drum up Egyptians’ anger at the military by spreading videos and photos of military police savagely beating young men and women to the ground with sticks and truncheons _ and the resonant scene of a woman in a conservative headscarf being stripped half naked by soldiers who stomp on her chest.

But so far their efforts to win public sympathy don’t seem to be gaining traction in the face of the military’s campaign to depict the crowds of hundreds in the streets as hooligans and vandals, not the idealistic activists who succeeded in bringing down Mubarak. At least 10 protesters have been killed and 441 others wounded in the three days of violence, according to the Health Ministry.

“The military has failed in everything except for its stunning success in making people hate the revolution, its history and its revolutionaries,” prominent columnist Ibrahim Eissa wrote in an editorial in the independent pro-revolution newspaper, Al-Tahrir.

Led by a general who served for 20 years as Mubarak’s defense minister, the military has been methodically seeking to discredit the revolutionaries, accusing them of illegally receiving foreign funds and being part of a plot hatched abroad to destabilize Egypt. The generals have in the meantime sought to portray themselves as key players in the 18-day revolt that toppled Mubarak’s 29-year rule and hence have earned the right to rule.

In a statement posted on its Facebook page, the ruling military council on Sunday called the clashes part of a “conspiracy” against Egypt. It said its forces had the right to defend the “property of the great people of Egypt.”

Seeking to depict the protesters as hooligans _ and apparently to counter the widely published images of protesters being beaten or dragged on the ground _ it also posted on the page footage of young men throwing rocks at a basement window of the parliament building and of at least one man trying to set the place ablaze.

The generals’ campaign plays on Egyptians’ frustration with continued instability and economic woes since Mubarak’s fall. Many are now more focused on the multistage parliamentary elections that began last month and continue through March. Islamist parties have so far overwhelmingly dominated the vote, with liberals and secular parties far behind.

That trend continued with the announcement Sunday of results from the second of three rounds of voting, held last week. Out of around 160 seats up for grabs in the second round, the Muslim Brotherhood won 29 and another more conservative Islamic party, Al-Nour, won 23. Two liberal groups _ the Wafd Party and the Egyptian Bloc _ won nine and seven seats, respectively. The rest will be determined in a run-off vote to be held later this week.

The Islamists have been staying clear of the recent violence, fearing that they could jeopardize their electoral gains by taking part in the protests. Their stance has prompted many activists to accuse them of political opportunism.

The military has meanwhile been using the state media and sympathetic private TV stations to market an image of itself as the protector of the nation, filling its statements with patriotic rhetoric and grave warnings if turmoil persists.

The revolutionaries who led the protests against Mubarak accuse the military of mismanaging the transition since then, of seeking to hold on to power and of using the same autocratic ways as the ousted leader. They demand that the military hand over power to civilians immediately _ and some have begun demanding that presidential elections scheduled for the middle of next year be moved up to January to pick a civilian head of state to take the generals’ place.

“The military is looking down at us and handling everything from a security perspective,” said Shady el-Ghazali Harb, a prominent activist and an icon of the anti-Mubarak uprising. “It is trying to make the point that its way of handling things is what will be applied and nothing else.”

The latest deadly clashes began Friday, when one of several hundred peaceful protesters staging a sit-in outside the Cabinet offices near parliament was detained and beaten by troops. The protesters began their sit-in three weeks ago to demand that the military immediately step down.

In Sunday’s clashes, protesters and troops battled on two main streets off Tahrir Square, trading volleys of stones and firebombs around barriers that the military set up to block the two central avenues. The army also used water canons.

One of the streets is site of a research center set up during the three-year occupation of Egypt by France in the late 18th century. The building was almost completely gutted by a fire which broke out during the height of the clashes on Saturday, when troops on its roof and on other nearby rooftops hurled rocks down on protesters below.

Protesters, who blame the fire on the troops, have been trying to salvage valuable books and documents from the center, whose two-story building is now in danger of collapsing after its roof caved in.

Activists have flooded social network sites and sympathetic media with photos and video from the troops’ brutal assaults the past two days.

The photo of the woman protester half-stripped by soldiers ran on the front page of the Al-Tahrir newspaper, emblazoned with a headline in red, “Liars,” referring to repeated denials by the military council and military-appointed Prime Minister Kamal el-Ganzouri that no force or live ammunition were used against the protesters.

The presenter of a political talk show on a private TV station sarcastically praised the soldiers for their bravery in wrestling the woman down.

“She is more of a man than 300,000 men put together, including me,” said Youssef al-Hussein on ONTV.

Other widely circulating footage show an army officer firing a pistol at protesters _ though it is not clear whether he was using live ammunition _ and soldiers dragging women by the hair and ferociously beating, kicking and stomping on protesters cowering on the ground.

Still, many Egyptians complain the revolutionaries have gone too far and that, almost a year after ousting Mubarak, they should now go home and let the military run the country or wait for the next parliament to decide the country’s future.

Such sentiments are not surprising given that the military has been the most powerful institution in Egypt since army officers seized power in a 1952 coup that toppled the monarchy.

Nearly 60 years later, the military continues to have the last word on policies, a position of power that has left many activists not entirely certain that the generals who succeeded Mubarak would voluntarily return to their barracks.

“The military council uses every opportunity to show itself as the land’s strongest institution,” said Mohammed Abbas, an activist who defected from the Muslim Brotherhood to side with youth groups more active in protests. “We are making it easier for the generals by our divisions and isolation.”

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December 7, 2011

Markets rise on hopes for euro plan

Filed under: Mortgage, marketing — Tags: , , , — Silver @ 3:44 pm

Stocks rallied Wednesday on hopes that a deal to save the euro would be agreed at a summit of European leaders at the end of the week.

Investors are betting EU leaders will agree on Friday a strategy that will allow the 17 countries that use the euro to link up their economies more closely. The tighter budget rules, proposed by the leaders of Germany and France, could then allow the European Central Bank to play a bigger role in solving the crisis by buying up the bonds of the most-imperiled countries.

“The market is becoming optimistic that the ECB will aggressively step up its action as both a reward for political action or in reaction to the threat of recession,” said Jane Foley, an analyst at Rabobank International.

Ahead of Friday’s meeting, the ECB is expected to cut interest rates on Thursday, possibly by as much as half a percentage point. If it did sanction such a big move, then the rate would fall to 0.75 percent and below the 1 percent that had previously been considered the floor.

Lower interest rates would help the eurozone economy, which has been sliding back toward recession under the weight of the debt crisis that threatens to spread from the relatively small economies such as Greece to much-bigger Italy and Spain.

Concerns that this could happen have eased this week. That was most evident in the performance of Italian and Spanish bond prices. Both have recovered this week, sending their yields _ the interest rates the countries would pay to borrow on markets _ down to more manageable rates. The yield on Italy’s ten-year bond was at 5.75 percent on Wednesday, way down from the 7 percent level it had traded at in recent weeks.

In Europe, Germany’s DAX rose 0.4 percent to 6,051 while the CAC-40 in France rose 1 percent to 3,212 paperless payday loans. The FTSE 100 index of leading British shares was 0.4 percent higher at 5,593.

Wall Street was poised for a solid opening too _ Dow futures were up 0.5 percent at 12,176 while the broader Standard & Poor’s 500 futures rose 0.6 percent to 1,262.

The euro was trading flat on the day at $1.3400.

U.S. Treasury Secretary Timothy Geithner said Wednesday he is very encouraged with the progress Europe is making in coming up with a plan to shore up the euro in the wake of a crippling debt crisis. Geithner’s comments to reporters followed a meeting with French Finance Minister Francois Baroin on the second day of his whirlwind trip through Europe.

“A more upbeat tone from Geithner in his support for Europe’s efforts to unify fiscal policy across the eurozone has been well received by investors,” said Jordan Lambert, a trader at Spreadex.

Earlier in Asia, Japan’s Nikkei 225 jumped 1.7 percent to end at 8,722.17 _ its highest close in a month. South Korea’s Kospi added 0.9 percent to 1,919.42 and Hong Kong’s Hang Seng gained 1.6 percent to 19,240.58.

Mainland Chinese shares edged higher, with the benchmark Shanghai Composite Index climbing 0.3 percent to 2,332.73, ending a five-session losing streak.

Oil prices meanwhile edged higher alongside stocks _ benchmark crude for January delivery was up 51 cents to $101.79 a barrel in electronic trading on the New York Mercantile Exchange.

____

Pamela Sampson in Bangkok contributed to this report.

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