Tag: 上海后花园

Transcontinental Inc Predicts Slow Magazine Growth

first_img“For fiscal 2013, we continue to see some headwinds in the soft advertising market,” said Oliver. “We expect the media sector profitability to only slightly improve year-over-year.”Additionally, Transcontinental’s acquisition of Quad Graphics-Canada has allowed the company to further consolidate its printing network by using the group’s most productive assets. The deal, which was completed in March 2012, is expected to generate close to $200 million in annual revenues. “Over the last several years we have sold over $300 million of our print business—our goal is to focus on niches that will provide the most value,” added Oliver.Transcontinental Inc. also reached a $200 million deal with the Hearst Corporation for new terms and conditions to print the San Francisco Chronicle. “What happened in this market, particularly in the Bay area, instead of growth we got a decrease in circulation,” added Oliver. “The factory was over built—we needed to adjust the contract to the new reality of the Chronicle. In this new contract, it is a lot simpler to use all the potential assets for a fixed amount of dollars.”Oliver adds that the $200 million upfront payment by Hearst is to compensate for the depreciation and interest expenses related to the company’s original investment. Transcontinental will no longer charge Hearst because the company has now recouped 100 percent of its original investment. Under this new agreement Hearst benefits from price reductions of approximately $30 million per year. Transcontinental Inc., the largest printer in Canada and the fourth largest in North America, and publisher of over 30 magazines, saw a mixed end to 2012, reporting an increase in its revenues by 12 percent and adjusted operating income by 21 percent in the fourth quarter. The company’s community newspaper business remained strong and performed better than expected, but the same cannot be said for its portfolio of glossies. “The magazine side of the publishing business has remained challenging,” said François Oliver, the company’s president and CEO, in a Q4 earnings call last week. “As we stated last quarter, we were anticipating a soft national advertising market in Q4 and that is what happened. As a result, our [media sector] results were down year-over-year. As part of our strategy to build on our core multiplatform consumer brands we reviewed our portfolio of titles and made a decision to close [some of our] publications. This will enable us to focus on our more than 30 industry leading titles and expand our footprint in the market.”In November, the company announced that it would be closing More Magazine and Vita. The December/January 2013 issues of these titles are the last printed issues of the magazines. The company plans to focus more heavily on developing multiplatform media properties and digital editions.last_img read more

POLICE LOG for May 4 Bicycle Stolen A Dog DooDoo NoNo Lost

first_imgWILMINGTON, MA — Here are highlights from the Wilmington Police Log for Friday, May 4, 2018:A walk-in party turned in a phone located on the high school football field. (8:45am)Animal Control Officer rescued 4 baby raccoons on Church Street and brought them to a rehab center in Billerica. (9:25am)Market Basket manager reported a customer found a black Michael Kors handbag in the parking lot. Bag was empty, except for a few keys. Bag will be left at the store’s lost and found. (4:43pm)A Fiorenza Drive caller reported one of her neighbors keeps allowing their dog to deficate on her driveway. (5:52pm)A walk-in party reported finding a brown Coach bag at the Wilmington United Methodist Church. Police was able to track down owner. (9:11pm)A caller reported his black Haro bicycle was stolen from the bike rack in front of Market Basket sometime today between 6:30pm and 9:30pm. (10:51pm)A good samaritan put out a brush fire on the 93 Overpass on Concord Street. (10:53pm)Police moved along a couple of parties playing basketball at Yentile Farm Recreational Facility. (11:21pm)(DISCLAIMER: This information is public information.  An arrest does not constitute a conviction.  Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip?Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for September 5: Train Conductor Helps Locate Missing Puppy; Rented Trucks Not Returned To UHaulIn “Police Log”POLICE LOG for August 17: Parking & Traffic Issues; Lost Wallet; Brush FireIn “Police Log”POLICE LOG for August 25: Police Respond Twice To Customers Behaving Badly At Market Basket; Erratic Driver Admits To TextingIn “Police Log”last_img read more

ExBigg Boss contestant Jasleen Matharu slams SomiSaba for defending Deepak over indecent

first_imgJasleen MatharuInstagramEx-Bigg Boss 12 contestant Jasleen Matharu has slammed sisters Somi and Saba Khan for defending Deepak Thakur’s indecent video which the latter had made on Jasleen mocking her bikini act in the house.”I will take a dip in the pool with Jasleen,” Deepak was heard saying in the video which he had shared on social media. Enraged by Deepak’s act, Jasleen has filed a complaint against her former Bigg Boss inmate for crossing his limits.However, Somi and Saba have defended Deepak saying that he did not intended to disrespect Jasleen and was just trying to be funny. Instead Somi slammed Jasleen saying that if she wants Deepak to apologise to her, she should say sorry to her first as Jasleen had said lot of bad things about her character and family.But the recent statements from the Khan sisters didn’t go down well with Jasleen. “Who are these girls? I don’t know them? Main in dono ko jaanti hi nahi hoon. The matter was between Deepak and me and I had already spoken to him on the same. I don’t know why these two are interfering and what are they getting out of it,” Jasleen Matharu was quoted as saying by Spotboye.And before Bigg Boss 13 could raise its curtains, it looks like the contestants of previous season are still fighting with and have not forgiven for the remarks they had made against each other in the Bigg Boss house.last_img read more

Elon Musk wants to save Puerto Rico with solar power

first_img Close IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:04/1:10Loaded: 0%0:04Progress: 0%Stream TypeLIVE-1:06?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Much of Puerto Rico is still without power after The island was devastated by Hurricane Maria in September. But Tesla CEO Elon Musk says he can rebuild Puerto Ricos power grid with solar power.center_img Elon Musk wants to save Puerto Rico with solar powerlast_img read more

Eight girls saved from child marriage in 24 hrs

first_imgEight schoolgirls were saved from early marriage in the past 24 hours, with timely intervention by local administration as well as the teenage brides themselves, their classmates and locals.The teenage girls were saved from underage marriage from Thursday to Friday in Natore, Kushtia, Barisal, and Dhaka’s Savar.Natore: A mobile court sentenced two persons, including a suitor, to 15 days jail for arranging a child marriage at Lalpur.Upazila Nirbahi Officer (UNO) and executive magistrate Nazrul Islam nabbed the two persons at the wedding of the 13-year-old girl and jailed them. The bride was a class VI student from Bagatipara upazila.A UP chairman had informed police about the marriage.Kushtia: Five schoolgirls were saved from early marriage in the district on Friday.Of them, four weddings were foiled in Doulatpur upazila and one in Sadar upazila. Among the victims, five are students of class VIII and one girl studies in class V.Local administration officials stopped the weddings and took undertakings from the parents of the girls that they will not marry their daughters before they turn 18.Savar: A 14-year-old girl has been saved from untimely marriage at the intervention of Savar UNO.The family of the ninth-grade girl was getting ready to arrange the wedding with one of her teachers on Friday.Being informed by a local newsman, UNO Sheikh Rasel Hassan took steps to foil the marriage.Savar model police station sub-inspector Momenur Rahman said the parents of the girl have pledged not to marry the girl before she turns 18. Barisal: A 14-year old girl from Barjalia union of Hijla upazila managed to prevent her forced marriage on Thursday. Her family completed all preparations for her marriage on Friday. In the meantime, she informed her classmates and teachers about the forced marriage. They, with the help of UNO Abu Zafar Rashed, foiled the marriage of the eighth grader.Meanwhile, Gournadi UNO Masuma Akhter stopped the marriage of a 13-year-old girl in Gournadi municipality. The parents of the eighth grader gave an undertaking that they will not marry their daughter before she turns 18.Director general of Governance Innovation Unit of the Prime Minister’s Office Mohammad Abdul Halim told Prothom Alo that people are now more aware of child marriage and NGOs and media are playing due role in this regard.Ghashful, founded by NGO Worldvision, managed to stop some seventeen underage marriages since 2014 in Mymensingh’s Nandail.Rasheda K Choudhury, executive director of Campaign for Popular Education, told Prothom Alo that the way child marriages are taking place is not acceptable.Though the number of child marriages has decreased, there is no room for complacency. Child marriage should be stopped from the grassroots, she added.last_img read more

5 die in bus collision in Russia

first_imgMap of Voronezh region. Photo: CollectedRussian emergency officials say that at least five people have died in a bus collision in south-western Russia.The Emergencies Ministry said that about 20 others were injured in Tuesday’s crash in the Voronezh region near Novaya Usman, about 450 kilometers (280 miles) south of Moscow.Russian news reports cited road police as saying that the collision occurred when one bus stopped because of a technical problem and another one hit it from behind.last_img read more

Cardinals Defeat Purdue 41

first_img Next Match: AUSTIN PEAY 2/17/2019 | 6:00 p.m. Rex Ecarma Interview Photo Gallery The Cardinals jumped out to a quick lead in doubles, taking control early on each court. Federico Gomez and Alex Wesbrooks captured the first victory on court three, defeating Athell Bennett and Franz Luna 6-3. Brandon Lancaster and George Hedley then clinched the doubles point for Louisville with a 6-3 win over Stephan Koenigsfest and Mateo Julio at No. 2. Story Links Preview Live Stats LOUISVILLE, Ky. – After three straight matches on the road, the University of Louisville men’s tennis team returned to the Bass-Rudd Tennis Center in victorious fashion, topping Purdue 4-1 on Sunday afternoon. With the win, the Cardinals improve to 8-3 on the season.   Matchup History Brandon Lancaster Interview The Cards will be back in action at 6 p.m. for the second match of Sunday’s doubleheader against Austin Peay. The Boilermakers countered in singles as Koenigsfest topped Salle 6-3, 6-2 on court three to even the score at 1-1. However, Louisville quickly regained the lead with two quick wins on courts two and five. Lancaster downed Julio 6-2, 6-3 at No. 2, while Gomez triumphed over Sochurek 6-4, 6-3 at No. 5. With the doubles point in hand, Christopher Morin-Kougoucheff and Fabien Salle were winning 5-2 over Maksymilian Rapuk and Dominik Sochurek on court one before the match was ended. With the three remaining matches coming down to the wire, Sergio Hernandez Ramirez ultimately clinched the 4-1 victory for the Cardinals on court four in a hard-fought 6-4, 7-6 (7-1) decision over Rapuk. “We’ve been fortunate to beat Purdue the last three times, but every one of those times have been like this,” said UofL head coach Rex Ecarma. “A couple of things go their way and they win. We were blessed and fortunate that things broke our way. I think that this year was key because I’m starting three freshmen in singles and two freshmen in doubles, and they really proved their worth today.” Watch Live Full Schedule Roster Courts one and six were in the midst of tough battles when the match was decided. Morin-Kougoucheff was tied 5-5 in the third set with No. 108 Bennett at No. 1 after splitting the first two sets 6-3, 3-6. At the six-spot, David Mizrahi was also knotted 5-5 with Santiago Galan after splitting the first two sets 1-6, 6-2. Louisville 4, Purdue 12/17/2019 at Louisville, Ky.(Bass-Rudd Tennis Center)Singles1. C. Morin-Kougoucheff (LOU) vs. #108 Athell Bennett (PUR) 6-3, 3-6, 5-5, unfinished2. Brandon Lancaster (LOU) def. Mateo Julio (PUR) 6-2, 6-33. Stephan Koenigsfest (PUR) def. Fabien Salle (LOU) 6-3, 6-24. Sergio Ramirez (LOU) def. Maksymilian Raupuk (PUR) 6-4, 7-6 (7-1)5. Federico Gomez (LOU) def. Franz Luna (PUR) 6-4, 6-36. David Mizrahi (LOU) vs. Santiago Galan (PUR) 6-1, 2-6, 5-5, unfinishedDoubles1. C. Morin-Kougoucheff/Fabien Salle (LOU) vs. Maksymilian Raupuk/Dominik Sochureck (PUR) 5-2, unfinished2. Brandon Lancaster/George Hedley (LOU) def. Stephan Koenigsfest/Mateo Julio (PUR) 6-33. Federico Gomez/Alex Wesbrooks (LOU) def. Athell Bennett/Franz Luna (PUR) 6-3 Match Notes:Order of finish: Doubles (3,2); Singles (3,2,5,4)T-2:17   Print Friendly Versionlast_img read more

Schmid Shoots Outstanding Round at the Open Championship

first_img LOUISVILLE, Ky. – Playing in his first professional event, Matthias Schmid of the University of Louisville men’s golf team fired an even-par 71 in the second round of the Open Championship at Royal Portrush Golf Club in Northern Ireland on Friday. The rising junior will miss the cut line despite his solid round on Friday.After shooting a 5-over-par on Thursday, the native of Germany was outstanding on Friday, recording four birdies and two bogeys to finish in a tie for 106th place after concluding play at 5-over-par for the two rounds of the championship.The all-ACC performer shot a 33 on the first nine holes, recording birdies on No. 2, No. 6 and No. 7 to get to as low as 2-under-par for the tournament. However, the back nine wasn’t as kind as Schmid carded a 38 after a triple bogey on No. 11. Print Friendly Version Story Linkslast_img read more

Archeologists unearth King David era temple near Jerusalem

first_imgFigurines of a person. Photograph: Clara Amit, courtesy of the Israel Antiquities Authority Explore further Citation: Archeologists unearth King David era temple near Jerusalem (2012, December 28) retrieved 18 August 2019 from https://phys.org/news/2012-12-archeologists-unearth-king-david-era.html The temple was discovered as part of a dig at a site known as Tel Motza, after the city of Mozah mentioned in the Old Testament. The site was first uncovered as construction began on what was to be a new freeway between Jerusalem and Tel Aviv back in the 90’s. Since that time most researchers had concluded that the ancient community was little more than a storage facility for grain used by people in Jerusalem. This new find suggests however, that the settlement was more than that.At the time that the temple was in use, a period during the King David era, the First Temple, in Jerusalem had already been built, and worshippers had been instructed to use it instead of other facilities to discourage the worship of various idols. Artifacts found inside the temple show that the people who visited the temple had chosen to ignore the decree and instead continued to idolize their icons as they chose. What’s surprising, the researchers note, is how close the temple, and hence the ongoing idol worshiping practices, were to Jerusalem – close enough to walk. (Phys.org)—Israel’s Antiquities Authority (IAA) has announced that archeologists have unearthed a temple within walking distance of Jerusalem that appears to be approximately 2,750 years old. Artifacts found inside the temple suggest that despite the ban on idol worship at the time, those who visited the temple continued to engage in such practices. Figurine of a horse. Photograph: Clara Amit, courtesy of the Israel Antiquities Authoritycenter_img Ancient seal found in Jerusalem linked to ritual © 2012 Phys.org The newly discovered temple has exceptionally thick walls and is situated facing towards the east, to take advantage of the rising sun – its rays would have illuminated the objects that sat inside the temple, a clear attempt to glorify them. The temple also had what the researchers believe was once an alter in the courtyard along with a host of sacred vessels – pottery fragments and pieces of chalices – likely used for ceremonial purposes.The discovery of the temple has historians excited because very few of them from that era have survived to modern times. Also, notably, researchers have found figurines inside the temple, representing animals – and some human – that hint, they say, of a coastal Philistine influence. They note that much more research will have to be undertaken before an accurate picture of the temple and surrounding area can be made. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Lightning strikes kill 13 leave 20 others injured

first_imgKolkata: As many as 13 people were killed and 20 others injured in lightning strikes in various parts of the state on Monday morning.A nor’wester lashed different districts, accompanied by lightning, resulting in death of the victims, who were mostly farmers. They were working in the fields when the accident occurred.Among the deceased, three persons were from Murshidabad, Nadia and North 24-Parganas each, while four others were from Dakshin Dinajpur and Malda, two each from each district. Also Read – Heavy rain hits traffic, flightsAccording to a senior official of the disaster management department, most of the victims were out on streets or fields, when they were struck by lightning. It has been learnt that among the injured, four persons from Purulia are stated to be in critical condition.In view of the warnings issued by the weather office, the district administrations have alerted all the blocks, asking them to take precautionary measures so that such incidents can be averted. The villagers in various blocks have been asked not to work out on the field during a thundershower. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedSeveral parts of South Bengal districts remained overcast from the early Monday morning. There was heavy downpour in the districts of Birbhum, Bankura, East and West Burdwan, Jhargram and Midnapore. The city and its adjoining areas in North and South Bengal also received rainfall on Monday morning. No damage or casualty has however been reported from the city.According to the weather office, a wind measuring around 60 km/h hit various districts, along with the rain bringing down the temperature by a few notches. People from the city have also breathed a sigh of relief, after respite from the sultry and uncomfortable weather. The commuters in the city and suburban areas also faced difficulties in reaching their destinations due to rain accompanied by storm. The regional meteorological centre at Alipore has predicted thundershower in the South Bengal districts in the next 48 hours.Heavy rain and storm have affected train services in various sections of Howrah and Sealdah divisions of Eastern Railway on Monday morning. Many of the local trains were delayed due to safety precautions.Train services on the Krishnanagar-Lalgola section were affected since 9.33 am, as some debris fell on the overhead wire at Bethuadahari. As a result of the incident, 13113 UP Kolkata-lalgola Hazarduari Express was detained near Bethuadahari. A tower van was pressed into action for the restoration of train services in the section.last_img read more

All admissions in colleges should be made online Partha

first_imgKolkata: State Education minister Partha Chatterjee on Tuesday held a meeting with Vice-Chancellors of state universities and made it clear to them that all admissions in colleges affiliated to them will be strictly through online.”There has been some stray incidents of irregularities over admission last year. So students are not required to be physically present in colleges during the admission process this year. All admissions should be online. The colleges can later carry out verification during the freshers’ welcome or sometime later before the classes begin,” Chatterjee stated. Senior officials of the state Higher Education department also attended the meeting chaired by Chatterjee at Bikash Bhavan in Salt Lake. Also Read – Rain batters Kolkata, cripples normal lifeThe Vice-Chancellors have also been directed to identify certain areas under the Choice Based Credit System (CBCS) which has created doubts among students. He feels that there has been some gap in communication with students in certain universities when it comes to CBCS system that has been implemented in almost all the universities in the state from this year onwards. It has been found that first year classes have started late in some universities and students have got less time to prepare for their first semester. Chatterjee directed the V-Cs to take necessary steps to ensure that students have a clear-cut understanding of the CBCS pattern. The minister also directed the V-Cs to take necessary measures to fill up vacancies for teachers and the non-teaching staff. “In a number of varsities, posts are lying vacant. If the varsities do not take steps to fill up vacancies on a war footing, we will have to take strong measures,” Chatterjee maintained.last_img read more

Technology Stocks Like NVIDIA and Amazon Help Boost the Entrepreneur Index™

first_img Register Now » 3 min read March 19, 2019 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Stock prices had a bumpy ride today thanks to conflicting reports on the state of the U.S.-China trade talks from Bloomberg News and Dow Jones Newswire. The former suggested China was balking at some U.S. demands in the agreement, while the latter reported that the deal was in its final stages.The major indexes all swung widely today before settling relatively flat. The Dow index, up 200 points in the morning, gave it back by mid-day, recovered then fell again to post a loss of 0.1 percent. The S&P 500 index was down 0.01 percent while the Nasdaq Composite index was up 0.12 percent.Technology stocks helped the Entrepreneur Index™ to a 0.37 percent gain today. Eleven of the thirteen tech stocks on the index were up. NVIDIA Corp. led the pack, rising 4.0 percent, the biggest gain on the Entrepreneur Index™ today.NVDA Quotes by TradingViewCompany founder and CEO Jensen Huang gave a two and a half hour keynote address at NVIDIA’s GPU Technology Conference in Silicon Valley yesterday and addressed investors today. They apparently liked his message.The meteoric rise of NVIDIA hit a wall last year as demand fell for the graphics processing chips the company makes. The resulting inventory bulge led to lower prices and falling revenues and to a nearly 60 percent plunge in the stock price. Since bottoming on Christmas Eve, however, the stock is up 41 percent.Other tech stocks posting good gains included Amazon, up 1.13 percent, and salesforce.com, up 1.22 percent. Facebook shares, beaten up over the last five trading sessions, also rose 0.69 percent. Netflix (-1.28 percent) and TripAdvisor Inc. (-0.31) had the only two losses in the sector.L Brands had another good gain today, rising 2.66 percent after posting the biggest gain (3.27 percent) on the Entrepreneur Index™ yesterday. The return of Victoria’s Secret swimsuits–apparently very popular — may have created some enthusiasm for the stock, but low valuation is probably the bigger attraction. The shares are down nearly 30 percent in the last year and trade at only 12.2 times trailing earnings. They also have a dividend yield of 4.3 percent.Other gains on the index included Chipotle Mexican Grill (1.53 percent), Ford Motor Co. (1.52 percent), and Wynn Resorts (1.44 percent).Homebuilder D.R. Horton Inc. had the biggest decline on the Entrepreneur Index™ today, falling 2.17 percent. The state of the housing and home-building markets have been difficult to read in the last six months, but D.R. Horton shares are up 14.1 percent this year. Wall Street analysts currently have twelve sell ratings, six buy ratings and ten neutral ratings on the stock, according to data from TradingView.Other notable declines on the Entrepreneur Index™ today included Hess Corp. (-1.93 percent), Estee Lauder Companies (-1.47 percent) and asset manager BlackRock (-1.34 percent). Fedex Corp. reported financial results after the market close. In after-hours trading, the stock was down more than four percent after the company missed earnings and revenue estimates. It cited weaker global trade as the cause.The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com. Opinions expressed by Entrepreneur contributors are their own. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalslast_img read more

Al Jazeera has chosen commercial broadcaster TF1 t

first_imgAl Jazeera has chosen commercial broadcaster TF1 to sell advertising for its new French sports channels.TF1 won the contract to sell ads on the Be In Sport 1 and 2 channels after a competitive bidding process that included Lagardère and France Télévisions. The channels are expected to launch at the beginning of June ahead of the Euro 2012 football tournament.last_img

AE Networks and Canal Group will launch multipl

first_imgA+E Networks and Canal+ Group will launch “multiple channels” in the second part of 2013 as part of a long-term strategic partnership between the two firms in France.The channels will launch through the Planet+ factual group on the CanalSat pay TV platform with exclusive access to A+E Networks’ catalogue of factual entertainment programming.A+E Networks will continue to distribute its content through Canal+ Group’s DTT channels  D8 and D17, which it launched last year. The two firms said they will also work together to develop digital opportunities in France.“We have enjoyed a successful content relationship across D8 and the Planete+ channels, and we believe this new partnership will create significant growth opportunities for both companies,” said Dean Possenniskie, managing director, EMEA, A+E Networks.“This agreement will enable us to significantly enhance our offer of programs and promote one of the best international factual and entertainment brands to our subscribers,” added Canal+ director of factual channels Olivier Stroh.A+E said the partnership completes its Western European footprint of networks, but would not give more details at this stage about the planned channels. The firm currently operates 57 channels outside the US in over 150 territories, reaching more than 330 million subscribers in 38 languages.last_img read more

Jeff Bewkes Time Warner CEO Jeff Bewkes neatly sid

first_imgJeff BewkesTime Warner CEO Jeff Bewkes neatly sidestepped questions about why he walked away from a merger with 21st Century yesterday, while Rupert Murdoch has offered his opinions on the episode.In a conference call with investors, Bewkes declined to comment directly on the Fox proposal, “except to say that the board and our senior management team appreciate the continued support of our shareholders”.This was in contrast to Fox chairman and CEO Murdoch, who said the decision to exit negotiations was “resolute” after Time Warner’s management and board refused to explore the “compelling offer”, and Fox’s share price dropped.“It became increasingly clear that the combination of the drop in our share price and the highly defensive nature of Time Warner’s actions was going to lead to a transaction where too much of the value created in success went to Time Warner shareholders,” added Murdoch’s second-in-command, Fox president and COO Chase Carey.He also defined the US$80 billion (€60 billion) proposal as “one of opportunity, not necessity or defensive concerns”, and said Fox had “no plans” to acquire any other content companies as an alternative.Though Bewkes declined to comment directly, he did outline some pitfalls of high-level media consolidation.“There are benefits and there are risks to making any kind of combination like that. There’s also the factor of business interruption, regulatory scrutiny and timings that comes into play,” he said.“I would just encourage everybody to look at all sides of the issue when you’re contemplating the benefits and the risks of putting very large companies together.”The combined Fox-Time Warner group would have included a channels stableincluding Fox, FX, TNT, HBO, Cartoon Network and truTV among others, along with the Fox and Warner Bros. Hollywood studios, and numerous broadcast, broadcast and distribution assets around the world.Bewkes comments came after the group posted improved year-on-year fourthquarter revenues of US$6.8 billion, with premium cable channel HBO singled out as a growth driver following a major recent content deal with on-demand platform Amazon Prime Instant Video.Fox, meanwhile, also posted growth in its Q4 results, up 17% on the same quarter in 2013. Its revenues were US$8.4 billion, though broadcast TV revenues fell 6% following a dip in advertising revenues for American Idol.last_img read more

first_img – 2017: The Wildest Year on Record? Donald Trump will enter the White House with the country massively divided, wars on all corners of the world, the bond bubble on the verge of collapse, a stock market overdue for a correction… 2017 could be one of the wildest years on record, and it’s urgent that you prepare… That’s why, until New Year’s Day, we’re giving you the chance to access ALL our analysts’ research for a tiny fraction of what you’d normally pay… So you can get expert macro overviews, and specific action items, to help protect and grow your wealth in 2017 and beyond… Click here to learn more… Editor’s note: Today, we’re sharing part two of Casey Research founder Doug Casey’s popular essay on the next industrial revolution. Yesterday, Doug shared the 10 big trends that are rapidly advancing. Below, he explains how to set yourself up to benefit as directly and immediately as possible. WHERE THIS IS GOING You may think I’m pulling your leg and that I’ve gone too far in these projections. But this isn’t just a titillating compilation of cover stories from Popular Science magazine. Our brains are accustomed to thinking arithmetically—1, 2, 3, 4, 5, 6, etc. But technology is compounding geometrically—1, 2, 4, 8, 16, 32, etc. You’ve seen this happen in the realm of computing and electronics just in our lifetimes. But—partially enabled by those things—it’s happening in many areas. You might analogize this to what happens to water as it gets colder. There’s not much difference between water at, say, 45 and 33 degrees Fahrenheit. But once it gets to 32, it has a change of state, a transformation in what it is, its very nature. And it happens very, very quickly. The advances being made are the stuff of science fiction. In fact, sci-fi has long been a much better predictor of the future than think tanks, futurists, or even the best scientists. I’ve often wondered why this is the case. As someone with solipsist tendencies, I’m partial to believing that anything you can conceive of can probably be done. And anything that can be done will be done. The transformation of reality itself is just a matter of having sufficient matter, energy, space, and time added to technology. When you see it that way, you have to be intensely optimistic. And I am. In fact, for the first time, advances in the real world are starting to outrun the imaginings of sci-fi. Skeptics might counter: “Sure. Given enough time, everything happens eventually. Including the heat death of the universe.” And they’re right. But because of the exponential rate of improvement in the things I’ve mentioned and some others I haven’t, I suspect we’re about to have a change in the state of existence. This is what Ray Kurzweil, Google’s chief technology officer, has dubbed “The Singularity.” Go back to the things I listed. The really important things—computers, AI, robotics, nanotech, and bioscience—are all advancing according to Moore’s Law. Doubling every 18 months, with costs dropping 50%. Things move very quickly when they move at an exponential rate. Extrapolating them only 10 years into the future, which implies only eight doublings. And eight doublings result in 256 times the starting point. There’s a good chance they’re all going to come together at once. Exactly when might that be? This is the tricky part, predicting the time as well as the event. Kurzweil thinks about 20 years from now. If he’s right, this is not only good news. It is, by orders of magnitude, the best news of any type in human history. Recommended Links The Best Place to Hide Your Money It’s tax-free. Pays up to 37 times more than bank accounts. And you DON’T NEED TO REPORT IT TO THE IRS. No wonder the government doesn’t want you to know about this secret account. Click here. — NOW FOR SOME BAD NEWS What might the bad news be? You may (quite logically) be thinking about some unsavory implications of these advances. The evolution of Skynet and Terminators. People failing to reproduce. Grey goo from runaway nanotech covering the planet. Humanity destroying itself in all manner of ways. I agree that bad things can happen. It’s not just a question of misfeasance, some unforeseen accident happening. But actual malfeasance isn’t out of the question. Why? Technology is advancing exponentially, but human ethics don’t seem to be advancing at all. In fact, maybe the general moral tone of humanity is actually degrading. If that’s true, then you can argue it’s a bad idea for large-brained chimpanzees to have the magic technologies we’ve been discussing. So, of course, some people will say: “We have to slow down this mad rush to the future! We have to at least regulate these scary things!” Sound reasonable? Actually, no; the concept is incredibly stupid. You might also ask who the “we” is that wants to make those decisions. Of course, it’s the same professional busybodies who are naturally drawn to government, NGOs, media, and the like. They’re not the best and brightest, as they like to believe. They’re actually the worst and most dangerous of mankind, and they’re always fearful of progress. Why? Because although the leaders always get new technologies first (e.g., horses, gunpowder, computers), the cat always gets out of the bag, and these things act to further liberate the average man after a while. Notwithstanding various drags on our progress, mankind has been expanding its powers exponentially since about the time it learned to make fire. But the nature of the math is that the real growth doesn’t come until the end, at which point it seems instantaneous. We can see what’s happening intellectually, but very few can picture it in reality. Recall the fable about the mathematician who invented chess and got a king to reward him by giving him double the amount of wheat for each of the 64 squares of a chessboard, starting with one grain. How much grain might that be? The answer is over 18 quintillion grains, which is around 1,000 times the world’s annual production of wheat. It’s counterintuitive because intuition can’t deal with geometric increases beyond a low level. It’s idiocy to try to curtail the rewards of a process—and here we’re talking about the Ascent of Man itself—at the very moment of triumph. Maybe humanity is now (wild guess) at around the 50th chessboard square. Exactly where things start getting interesting. It’s been said that any sufficiently advanced technology is indistinguishable from magic. But there’s a big problem for you and me as individuals. At the moment, we all have very finite lifetimes. What if (even though medical advances are extending our life expectancies radically) we die before magic happens? That’s why there’s absolutely nothing to be lost by going for the brass ring. Let’s consider mundane life the way it’s always been and still is. Unless things change very quickly for the better, you’re going to be dead sometime in between tomorrow morning and, if you’re both young and lucky, 50 years from now. Considering the (current) absolute and total certainty of death, taking any risk to avoid it, even with long-shot odds, doesn’t just make excellent sense. It’s imperative. So I’m not particularly concerned with the possible ultimate consequences of runaway technological advance. In fact, I think they’re almost all good, even if they’re a little scary. And now, for the first time in history, the inevitable is imminent. We can deal with potential problems when the time comes. Right now, I’m only concerned with things that might stop us from getting there in a reasonable (i.e., a fraction of a lifetime) time frame. But it’s entirely possible that humanity could blow it. How might we blow it? In decreasing order of probability, you can worry about a lot of things. You can worry about a bus hitting you tomorrow morning. Or a pandemic. Or a super volcano. Or an asteroid strike, for that matter. I’m most concerned about human-caused (anthropogenic, if you will) possibilities. Like World War 3, recalling that Einstein said he didn’t know what weapons would be used in it, but he was confident that sticks and stones would be used in WW4. That would put a stop to the advance of technology for a while, in addition to its other unpleasantness and inconvenience. I’m also concerned about the consequences of the next phase of the Greater Depression. We entered the leading edge of the economic hurricane in 2007. We’ve been in the eye of the storm since 2010. And now, we’re going into the trailing edge. No one can tell you exactly what it will be like. Very possibly, both catastrophic deflation and hyperinflation in sequence (in any order). Or in different parts of the economy at the same time (basic foodstuffs skyrocketing; the value of McMansions and BMWs collapsing). People with their life savings in dollars losing most everything. The State raising taxes hugely. All kinds of police-state measures being enforced in a vain attempt to restore stability. And a lot more things of this nature. It’s likely to last at least as long, be much worse, and much different even than what the world went through from 1914–1946. This is extremely important because, you’ll recall, science and technology are only two legs to the tripod. Capital is equally necessary. And the Greater Depression, and its knock-on effects, could destroy a lot of capital. One consequence of the Greater Depression might be that the tech trends I listed above will slow down radically. Less capital may be created and much less put aside for investment. Much could be misallocated. And the government always puts itself first; it may use what capital there is for its own purposes. Technology and science need as much capital as possible to advance as quickly as possible. Vested interests, typically shortsighted, always use politics to fight innovation. Taxi drivers stupidly lobby against Uber; hoteliers lobby against Airbnb. They don’t see themselves as modern Luddites, but they are. Even worse, people may see some bad effects of technology and react against it. Under certain conditions, you could find scientists hunted down like witches for violating God’s will. Stranger things have happened in times of stress. To be clear, I don’t think there’s such a thing as bad technology; people confuse the concept with its use by people with bad intentions. This is why I’m concerned about government using, or even financing, technology. I often talk about how the State is dangerous and destructive. But now, on the cusp of The Singularity, it’s true on a cosmic level. If, for instance, they delay a medical advance that may save you by a year, they may not be costing you a year. They may be costing you 500 years. And it’s not just technology, but science itself that is in jeopardy. If it turns out that anthropogenic global warming is a gigantic hoax (I believe it is), even though it’s said that 97% of scientists believe in it (a lie), and that the science is settled (it’s not), that may discredit the idea of science to the average person. Anything is possible. After all, something like 40% of Americans think the world is about 6,000 years old and cavemen lived with dinosaurs. SO? Let me sum up. It’s likely we’re only 10, 20, or 30 years from what will turn out to be the biggest change in human history. I understand that sounds unbelievable to 99% of people. But I urge you to consider it seriously. What does that mean? In fact, you might ask why investment results even matter if we move into an economy of total abundance. Almost everyone will benefit from these changes, at least indirectly and eventually, if they live long enough. But you want to benefit as directly and immediately as possible. Having capital will put you first in line. Having capital allows you to be an early adopter, and that could be critical. Furthermore, earning capital makes you deserving of that place. Are the useless mouths on welfare deserving of these benefits? It may become a huge, and currently unanticipated, political issue over the next decade. There are huge numbers of hoi polloi out there—you’ll see them rioting this summer—who absolutely believe they deserve everything from free food, to free education, to a guaranteed income. Editor’s note: As you know, Doug is among the most respected investors in the world. Since 1979, he’s called some of the biggest financial events of our time. And now, for a limited time only, you can get all of Doug’s future moneymaking research—as well as everything we publish here at Casey Research—as part of our exclusive Casey Platinum Membership. To learn more about this incredible opportunity, click here.last_img read more

American Airlines Glitch Caused It to Give Too Many Pilots Vacation Over

first_img Learn how to successfully navigate family business dynamics and build businesses that excel. Planning to fly with American Airlines this holiday season? We have some potentially bad news.According to Bloomberg, more than 15,000 American Airlines flights scheduled from Dec. 17 to Dec. 31 do not have a pilot, first officer or both due to a computer glitch that allowed too many staffers to take off for the holidays. The problem reportedly affects flights originating from Dallas Fort Worth International and other airports in Boston, Miami, New York, Philadelphia, Salt Lake City, and Charlotte, N.C.In a statement, American Airlines told PCMag it is “working diligently to address the issue” and it expects to “avoid cancellations this holiday season.””We have reserve pilots to help cover flying in December, and we are paying pilots who pick up certain open trips 150 percent of their hourly rate — as much as we are allowed to pay them per the contract,” the airline said. American said it will work with the Allied Pilots Association (APA) union to “take care” of its pilots and “ensure we get our customers to where they need to go over the holidays.”The computer glitch caused the airline’s scheduling system to show sufficient coverage for certain flights when that was not actually the case, Bloomberg reports. The airline has reportedly fixed the problem and believes its system is now working normally.The APA, meanwhile, isn’t happy with American’s proposed solution for crewing affected flights. The union has filed a grievance, saying the solution violates the company’s contract.”Because management unilaterally created their solution in violation of the contract, neither APA nor the contract can guarantee the promised payment of the premium being offered,” the union said in a statement. Add to Queue Angela Moscaritolo Next Article This story originally appeared on PCMag Thousands of flights scheduled from Dec. 17 to Dec. 31 do not have a pilot, first officer, or both due to a computer glitch that allowed too many staffers to take off for the holidays. Reporter American Airlines Glitch Caused It to Give Too Many Pilots Vacation Over Holidayscenter_img –shares Image credit: Shutterstock.com Register Now » Travel November 30, 2017 Free Webinar | July 31: Secrets to Running a Successful Family Business 2 min readlast_img read more

Italy Claims Google Dodged 248 Million in Taxes

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business Legal Image credit: GongTo | Shutterstock.com Italy Claims Google Dodged $248 Million in Taxes 2 min read Next Article –shares This story originally appeared on Reuterscenter_img Reuters Add to Queue Register Now » Learn how to successfully navigate family business dynamics and build businesses that excel. The Italian finance police believe Google evaded 227 million euros ($247.5 million) in taxes in Italy between 2009 and 2013, investigative sources said on Thursday.The finance police report was due to be delivered to the Internet giant later in the day and comes amid an increasingly angry debate across Europe over taxation of multinationals who park earnings in low-tax nations.Asked about the Italian report, a Google spokesperson said: “Google complies with the tax laws in every country where we operate. We are continuing to work with the relevant authorities.”Google’s latest figures show it paid 2.2 million euros of tax in Italy in 2014 on revenues of 54.4 million euros generated in the country. Italy’s Communications Authority estimates Google’s Italian revenues at around 10 times higher.Last week Google agreed to pay 130 million pounds ($185 million) in back taxes to the British authorities, though the opposition Labour Party and others said this was too small compared with the profits the company earned in Britain.In December, Apple Inc (AAPL.O) agreed to pay Italy’s tax office 318 million euros to settle a dispute over allegations it failed to pay taxes for six years, a source with direct knowledge of the matter said.On Thursday the European Commission weighed into the row over taxation of multinationals with a proposal that would allow EU countries to tax corporate profits at home in some cases, even if the money has been transferred elsewhere to avoid such payments.($1 = 0.9170 euros)(Reporting by Sara Rossi and Manuela D’Alessandro, Writing by Crispian Balmer, Editing by Gareth Jones) January 28, 2016last_img read more