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Gay bathhouses nationwide face uncertain future

Written By Unknown on Sabtu, 23 Agustus 2014 | 22.27

LOS ANGELES — Gay bathhouses that once remained in the shadows to stay in business are now seeking attention to keep their doors open.

Some are doing aggressive online advertising and community outreach. Others tout their upscale amenities like plush towels and marble baths. A bathhouse in Ohio has even added hotel rooms and a nightclub.

Gone are the days when bathhouses drew crowds just by offering a discreet place for gays to meet, share saunas and, often, have sex.

"The acceptance of gays has changed the whole world. It's taken away the need to sneak into back-alley places," said Dennis Holding, 75, who owns a Miami-based bathhouse.

In the heyday of bathhouses in the late 1970s, there were nearly 200 gay bathhouses in cities across the U.S., but by 1990, the total had dropped to approximately 90, according to Damron, the publisher of an annual gay travel guide. In the last decade, bathhouses, including ones in San Diego, Syracuse, Seattle and San Antonio, have shut down and the total nationwide is less than 70. Most patrons are older.

Hollywood Spa — one of the largest bathhouses in Los Angeles, a city regarded as the country's bathhouse capital — closed in April. Owner Peter D. Sykes said fewer customers and rising rent put an end to four decades in business.

"Bathhouses were like dirty bookstores and parks: a venue to meet people," said Sykes, who still owns the smaller North Hollywood Spa. "Today, you can go to the supermarket."

Bathhouses date to the Roman Empire. In the 19th and early 20th centuries, American bathhouses were built in many cities to maintain public hygiene among poor and immigrant communities. Chicago and Manhattan each had about 20 public bathhouses.

But the need for public places to wash up declined and by the 1950s and '60s, bathhouses largely had become rendezvous spots for gays, prompting occasional raids because sodomy was still criminalized.

Privately run, gay-owned bathhouses proliferated in the 1970s, offering a haven for gay and bisexual men to meet. Clubs like New York City's Continental bathhouse and Los Angeles' 8709 Club saw a steady stream of patrons.

Each venue was operated like a speakeasy: a nondescript building often located in the urban fringe. In-house entertainment was common, from DJs to live performers. Bette Midler even launched her career from the stage of the Continental.

Amid the AIDS epidemic in the early 1980s, bathhouses were vilified for enabling promiscuity and helping spread the disease, and many either closed voluntarily or by legal pressure. Those that remained were stigmatized, and now many younger gays see them as anachronisms.

"The younger generation's main fear is that it's some dark, seedy place," said T.J. Nibbio, the executive director of the North American Bathhouse Association. NABA formed two years ago for bathhouse owners to pool best practices for marketing and operations.

To attract younger patrons, some bathhouses offer steep discounts, cutting admission by as much as 60 percent. At the three-story Midtowne Spa in downtown Los Angeles, 18- to 20-year-olds get in for $5 any time. On Tuesdays, Los Angeles' Melrose Spa lets those 18 to 25 in for free, a deal that brought 22-year-old Brett Sparks on a recent midweek visit.

"You're either hooking up online or you are here, or you go to bars in West Hollywood, get drunk and hook up," said Sparks, acknowledging that although the bathhouse crowd skews older, it's not as risky as going home with a stranger. "Here it's a safer environment — there's condoms and other protection."

The CEO of Ohio-based Flex Spas, Todd Saporito, has positioned his bathhouse chain as a pillar of the gay community. Saporito uses the chain's Cleveland-based flagship spa, whose 50,000 square feet include luxury hotel rooms and a nightclub, to run the city's annual pride parade and this year's Gay Games, an international LGBT athletic competition.

Flex Spas also has sponsored the White Party, an annual electronic music festival in Palm Springs, and partnered with the AIDS Healthcare Foundation, part of an effort to frame the bathhouse as an opportunity for preventing risky behavior.

Flex Spas has had mixed success over the past few years. Its location in Atlanta has seen "exponential" growth, but clubs in New Orleans and Columbus, Ohio, have closed, Saporito said.

Saporito said more progressive views on homosexuality aren't evenly spread across the country, underscoring the need for modern bathhouses in some areas. Still, he takes nothing for granted, regardless of the location.

"Bathhouses at some level will go extinct if you don't offer something more than a towel," Saporito said.


22.27 | 0 komentar | Read More

Some growers win, some lose in Market Basket tiff

CONCORD, N.H. — Fallout from the Market Basket supermarket stalemate has been a mixed bag for farmers.

Some in New Hampshire and Massachusetts are enjoying greater demand for their produce and flowers while others scramble to find new customers after some of their big orders were canceled.

The 2-month-old employee revolt at the 71-store New England grocery chain coincides with what farmers say has been one of the best growing seasons in recent memory. But all farmers are not reaping full benefits.

Methuen, Massachusetts, farmer Rich Bonanno raised 80,000 mums to sell to Market Basket for $240,000. He's now trying to sell them cheaper to cut his losses.

But in Hollis, Massachusetts, Tyler Hardy of Brookdale Fruit Farm is working 95 hours a week to meet demand at competing grocery chains.


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6 thoughts from William Koch on family, politics

Six thoughts from William Koch, on family, money and politics. From an interview with The Associated Press:

—On his brother Charles: "He likes to do things his own way. He likes to be the boss, as most older brothers do. ... He does like control."

—On his siblings overall: "I once used to say that my brother David collected girlfriends till he got married, then my brother Charles collects money and my brother Fred collects houses and then I collect everything I can."

—On Charles' and David's involvement in politics: "I wonder a little bit about the high profile they've taken but admire them for their passionate beliefs and their putting their money where their mouths are."

—On Charles' political views: "He's a born-again libertarian or a born-again conservative and sometimes born-agains take positions that are a bit extreme."

—On misconceptions about his family: "We're all branded as right-wing extremists or right-wing conservatives and I know my brother David and particularly I don't care if two guys want to get married or two women want to get married. So what? And so I don't think we have what you'd call the Bible-belt attitudes that are thrown onto conservatives. ... Some of my brothers are socially liberal and economically conservative."

—On life: "I've really enjoyed the ride I've had since I left Koch Industries. ... What money does is allow you to act out a lot of your eccentricities. ... I've put a lot of it to good use and I've had a lot of fun with the rest."


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Koch 101: Some basics on the billionaire brothers

WASHINGTON — A primer on the Koch brothers and their role in politics.

Q: Who are the Koch brothers?

A: Charles and David Koch, ages 78 and 74, are billionaire brothers who helped create a broad network of nonprofit groups that control hundreds of millions of dollars flowing into politics. Through their deep pockets, they are reshaping politics with an uncompromising agenda of reducing regulation, advancing libertarian ideas, promoting free-market Republican candidates and ousting Democrats. They have two other brothers, William and Frederick, who aren't involved in the effort.

Q: Where did they get their money?

A: The Kochs inherited their father's company in Kansas, and turned Wichita-based Koch Industries into the second-largest privately held company in the nation. The conglomerate makes a wide range of products including Dixie cups, chemicals, jet fuel, fertilizer, electronics, toilet paper and much more. William and Frederick cashed out in 1983 and no longer have a stake in the company.

Q: How rich are Charles and David?

A: With a fortune estimated at $41 billion each, Charles and David tie for fourth on Forbes' list of the richest Americans, and tie for sixth on Forbes' worldwide billionaires list.

Q: What's their secret?

A: Charles, chairman and CEO of Koch Industries, attributes the company's success to his business philosophy, "Market-Based Management," which he's trademarked. Among its components: hiring and retaining people with the right values, and giving employees a bigger voice in decision-making. The company's growth strategy also includes reinvesting 90 percent of earnings.

Q: How much money do Charles and David put into politics?

A: That's the big question. It's unanswered because the Kochs channel lots of money into nonprofit groups that don't have to identify their donors. The Washington Post and the Center for Responsive Politics have calculated that the donor network organized by the Kochs took in at least $407 million in the 2012 election cycle. However, not all of that money came from the Kochs themselves. David Koch's charitable giving has included $58 million donated to nonprofits that could include groups such as Americans for Prosperity, the CATO Institute and the Heritage Foundation, according to company spokeswoman Missy Cohlmia. In addition, the two brothers' direct political contributions to federal candidates and party committees totaled at least than $2 million over the past two decades.

Q: What motivates them?

A: Family patriarch Fred Koch, who built refineries in the Soviet Union in the 1930s, became convinced of the evils of communism and instilled in his sons an aversion to government intrusion. As David said of their father in a 2012 interview with The Wichita Eagle newspaper in Kansas, he "was extraordinarily fearful of our government becoming much more socialistic and domineering. ... So from the time we were teenagers to the present, we've been very concerned and worried about our government evolving into a very controlling, socialist type of government."

___

Follow Nancy Benac on Twitter at http://twitter.com/nbenac


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2 Europe navigation satellites in the wrong orbits

PARIS — European space officials say they're investigating whether the inaccurate deployment of two satellites will complicate their efforts to develop a new Galileo satellite navigation system that would rival America's GPS network.

The European Space Agency and launch company Arianespace say the satellites ended up in off-target orbits after being launched Friday from Kourou, French Guiana, aboard a Soyuz rocket.

Saturday's agency statement did not explain the difference between the satellites' intended orbits and its current ones, nor whether their orbital paths could be corrected. Arianespace said they settled into an orbit lower than intended.

The European Union hopes to have its 30-satellite Galileo navigation network operating fully by 2020. The Prague-based program oversaw the launch of its first two satellites in 2011, two more in 2012, and two more Friday.

Jean-Yves Le Gall, president of the French space agency CNES, said the investigation still needed to determine precisely how far off course the satellites were. He said European Space Agency experts in Toulouse, France, and Darmstadt, Germany, were calculating whether small motors inside the satellites would be strong enough to push them into the correct orbit.

Le Gall told The Associated Press in a telephone interview that the investigation would take "several days to understand what has happened. And then we'll see about the possible consequences on the launch calendar," he said, referring to plans to launch more satellites in coming months.

He called the Galileo navigation network "a very complex program, and even if we have some failures, that's unfortunately part of the life of operations."

If the two satellites cannot be pushed to the correct altitude above the earth, he said, subsequent satellites launched would have to take up the slack.

The program has faced other delays and operational hiccups. European Space Agency officials said Wednesday they had to reduce the strength of another Galileo satellite's signal because of unspecified problems.

The European agency says it hopes Galileo will provide greater precision for satellite navigation systems than the GPS system already used worldwide to pinpoint locations and plot routes.


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Hot Property: Flats on D links Seaport to South Boston

Written By Unknown on Jumat, 22 Agustus 2014 | 22.27

The new 197-unit Flats on D luxury apartments may not be in the thick of the Seaport District's offerings, but the project's developer sees that as an advantage.

"A lot of people want to live close to the action, but away from the fray," said John Baxter, executive vice president of Boston's Cresset Development, best known for building the Seaport's Liberty Wharf restaurant complex.

The leasing numbers at Flats on D, which is on D Street between the Seaport and South Boston's West Side, back up his claim. Forty-four percent of the units have been rented, even as construction continues on rooftop and outdoor terrace common spaces.

Alissa Isom of Bozzuto Management, property manager of Flats on D, says most of the renters are young professionals and many work in the Seaport District.

"Our rents are a little less than our competitors like 315 on A and Waterside Place" said Isom. "But tenants want to be in this up-and-coming area."

Studios start at $2,200, one-bedroom units at $2,500, two-bedroom units at $3,625 and there's a few three-bedroom units at $5,465.

Garage parking, for $275 a month, is behind a row of ground-floor retail spaces. Sub shop chain Jimmy John's is opening at the end of the month, dry cleaner Lapels is coming, and Dunkin' Donuts and MassBay Credit Union have signed letters of intent.

The Flats is actually two six-story buildings, with 95 units at 411 D St. and 102 at 407 D St. Each building has its own gym. There's a Wi-Fi coffee bar, game room with a billiards table and screening room at 407 D St. A rooftop deck will grace 411 D St., and 407 D St. will have a large second-floor rear terrace. Both outdoor spaces will have gardens and lawn, gas grills and fire pits, bocce courts, large TVs and lounge seating.

We took a look at Unit 203, a staged model at 411 D St., an 898-square-foot one-bedroom plus den renting for $3,180 a month. The apartment has an open living/dining/kitchen area with 9-foot ceilings, vinyl plank flooring and floor-to-ceiling windows.

There's oak cabinets, granite counters and GE stainless-steel appliances in the kitchen.

The carpeted bedroom has a walk-in closet and an adjacent carpeted den. The bathroom has porcelain tile floors, a granite-topped vanity and ceramic tile surround for a tub/shower. Every unit has a closet with a stacked washer/dryer and tankless water heater.

Isom says concessions include free rent for six weeks if tenants occupy an apartment by Sept. 15, along with a reduced security deposit and a free accent wall in the living/dining area.

The complex is across from the just completed Lawn on D temporary park, which features concerts and outdoor games. Next door will be a pair of mid-priced hotels.

"When we started Flats on D, this area felt like the edge," Baxter said. "But now it's filling in around us. The idea of living, working and playing in one neighborhood has strong appeal."


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The Ticker

State auditor reviews workers' comp system

A new state audit has made recommendations to improve accountability and efficiency in the workers' compensation system.

State Auditor Suzanne Bump said yesterday that her office's review found that the Department of Industrial Accidents, which oversees the system, does not ensure that assessments paid out by insurance companies are accurate.

Bump said the audit has already led to a number of improvements at the department, including the hiring two internal auditors to review insurance assessments. The audit examined fee collections, claims payments, and internal procedures from July 1, 2010 to Sept. 30, 2012.

All private employers in Massachusetts are required to carry workers' compensation insurance and pay claims by individuals through a commercial insurance policy, self-insurance, or membership in a self-insurance group.

Consumers save $25.9M in sales taxes

Consumers saved an estimated $25.9 million in foregone sales tax during last weekend's sales tax holiday, according to the state Department of Revenue, which will issue a report on the impacts as part of a December certification process. The foregone sales tax revenue was greater last weekend than the $24.6 million in 2013 or any year prior, according to data provided by spokeswoman Maryann Merrigan. Some form of tax free holiday has occurred every year since 2004, except 2009.

DOR is also planning a tax amnesty program in December. The program was ordered in the annual budget, and proponents say they hope it will bring an influx of revenues without the need to raises taxes. Eligible individual or business taxpayers will receive a notice in the mail and will have a window from Sept. 1 through Oct. 31 to pay back taxes with interest, while avoiding penalties.

Porter Airlines to increase service
between Boston and Toronto

Porter Airlines will increase service between Logan International Airport and Canada's Billy Bishop Toronto City Airport on Sept. 20. The Toronto carrier will add a sixth roundtrip flight on Sundays between the two cities and a fourth Toronto-to-Boston flight on Saturdays, for four full round-trips on that day. The low-cost carrier started flying out of Logan in 2009.

  •  Rodman & Rodman, P.C., an independent accounting and tax firm located in Newton, has promoted Leah Shanahan, left, to manager. A certified public accountant, Shanahan previously held the position of supervisor for seven years. In her new role as manager of the business services team, she will provide audit and tax services to a diverse client base and help lead the firm's software advisory and support team.

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State probe: No price-gouging at other local supermarkets

Customers avoiding Market Basket are complaining about the prices at other grocery stores, but a state investigation found no evidence of price-gouging at the Tewksbury chain's competitors.

"We did send inspectors out to look and see if there was anything funky with the prices," said Amie O'Hearn, spokeswoman for the Office of Consumer Affairs and Business Regulation. "Prices are naturally higher at other chains, but we didn't find anything out of the ordinary."

This month's survey, which looked at a selection of food and grocery items in several areas where stores compete with Market Basket, did not reveal any wide price discrepancies, O'Hearn said.

Market Basket shoppers have been boycotting or otherwise steering clear of its 71 stores amid employee protests that started July 18 in support of fired CEO Arthur T. Demoulas. Market Basket's stores — known for their low prices — now are largely empty of customers and perishables.

Although the state hasn't received complaints alleging price-gouging, shoppers are venting their frustrations about higher prices on social media.

But "limited assortment supermarkets" are lower-priced alternatives to Market Basket, according to a survey by Somerville consumer advocate Edgar Dworksy. He checked prices of almost 24 common store-brand items on Aug. 6 at Market Basket, Stop & Shop and Save-a-Lot stores in Chelsea, Star Market in Somerville, Aldi in Medford and Price Rite in Revere. Aldi had the lowest prices, with the items costing 17 percent less than
Market Basket. Price Rite and Save-A-Lot were about 10 percent cheaper than Market Basket.


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MassBio: Seed-stage funds slow

The Massachusetts Biotechnology Council is sounding a warning over seed-stage funding — the earliest form of investment in startups — saying recent dips could hurt innovation in the long run, according to its latest report on the health of the state's biotech industry.

The Bay State leads in research and development jobs, in addition to federal research funding and venture capital invested per capita, but seed-stage funding needs to approach
$200 million this year to ensure a strong startup environment into the next decade, according to the 2014 MassBio Industry Snapshot.

"Massachusetts' strength in the life sciences depends on its vibrant startup and early-stage research activities, but funding for those activities — the fuel for industry growth here — is getting more difficult to come by," Robert K. Coughlin, MassBio's president and CEO, said in a statement. "We must find new avenues for companies seeking seed funding to ensure life-changing treatments make it ... into the hands of patients in need."

Seed-stage deals have grown from 20 deals totalling $52 million from 1999 to 2003 — when Massachusetts companies received 13.1 percent of all biotech seed funding in the U.S. — to 95 deals totalling 
$761.91 million from 2009 to 2013, when Bay State startups received 33.4 percent.

While that's good news, seed-stage funding has dropped since the 2008-to-2010 highs — when they totaled $275.89 million, $265.54 million and 
$177.92 million, respectively — to $148.10 million last year.

Still, other industry statistics look positive. Although research in the Impact 2020 report shows biotech venture investment overall is decreasing, last year Bay State venture investment increased to $984 million, with the state receiving more than 21 percent of all VC investment in biotechnology in the U.S.

The industry's economic impact as measured by Massachusetts-based payroll also topped $7.2 billion, with biopharma employment reaching 57,642 in 2013, an increase of almost 1,200 jobs over the previous year, according to data from the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages.

Employment in the industry has grown nine to 10 times faster than state and national employment growth rates.


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Biotech $ barometer

Total Massachusetts seed-stage funding 
by year:

1999: $11,395,000

2000: $5,040,000

2001:$3,019,900

2002: $27,600,000

2003: $5,000,000

2004: $6,750,000

2005: $15,799,800

2006: $48,201,000

2007: $90,334,100

2008:$275,896,900

2009:$265,548,900

2010:$177,925,000

2011:$117,126,000

2012: $53,707,500

2013:$148,105,000

Source: PWC MoneyTree


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B&N and Samsung introduce co-branded tablet

Written By Unknown on Rabu, 20 Agustus 2014 | 22.26

NEW YORK — Barnes & Noble and Samsung on Wednesday unveiled a new co-branded tablet called the Samsung Galaxy Tab 4 Nook that will replace B&N's own Nook tablets.

The 7-inch Wi-Fi tablet will sell for $179 after a $20 instant rebate, the same entry price of the non-branded Samsung Galaxy Tab 4.

The move had been expected, since Barnes & Noble said in June it would team up with Samsung to develop Nook tablets that would be available in August.

For the first time, the Nook will have a front- and rear-facing camera. It comes with more than $200 in content from the Nook Store, including three e-books such as "Freakonomics", TV show episodes including HBO's "Veep" and free 14-day magazine trials. It also offers access to both the Nook app store and Google's Google Play store for Android apps.

The New York company spent years investing heavily in its Nook e-book reader and e-book library, but they struggled to be profitable. And in December the chain said it was evaluating the future of its tablets. Still it offered a new non-tablet e-book reader during the holiday season.

B&N has been trying to turn itself around as competition from discount stores and online retailers toughens, and as consumers shift away from traditional books to digital formats.

Barnes & Noble says it will continue to make and sell its $99 Nook GlowLight e-readers and provide customer support.

In July, Barnes & Noble said it would split off the company's retail business, which has been outperforming its Nook unit, and includes its bookstores and BN.com businesses. Nook Media, whose investors include software company Microsoft Corp. and educational book publisher Pearson Inc., houses the digital and college businesses of Barnes & Noble.

The company expects the separation to be complete by the end of the first quarter of the next calendar year, implying April of 2015.


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Pet-friendly dating sites match up people, pooches

LOS ANGELES — On these dating sites, a passion for pets will help you find more than just puppy love.

Sites like PetsDating.com and YouMustLoveDogsDating.com have found a new niche as singles flock to computers and smartphones to find relationships, connecting dog owners to potential mates who enjoy long walks in the dog park and slobbery canine kisses as much as they do. Many of the sites encourage users to bring their dogs on first dates to break the ice or size up canine chemistry.

Many dating sites cater to religious, cultural and political preferences, but won't focus as heavily on interests like pets, music or travel, said Karen North, a professor of social media at the University of Southern California's Annenberg School of Journalism.

"If you find somebody with the same lifestyle passion, you don't have to start out at square one," North said.

When Joanie Pelzer signed up with a dog-friendly online dating service a few years ago, she was honest about her Chihuahua — he likes people more than other dogs, craves attention, steals food and can't stand to ride in the backseat of a car.

Even a man who loved animals as much as she did couldn't keep up with her dog's quirks. On their first date, her Chihuahua, Hubbell, stole the man's breakfast as they drove from New York City to Long Island. They only had one more date.

"I still wonder if Hubbell didn't have something to do with that," said Pelzer, 47, an actress who runs her own social media company and met the man on PetsDating.com.

Despite that setback, having a common interest such as pets can help the search for love.

"Having a theme that is ... about one's passion makes it feel like you are looking for a needle in a smaller and far more relevant and appealing haystack," said Michal Ann Strahilevitz, a professor of marketing at Golden Gate University in San Francisco.

The founder of one of the dog-focused dating services, YouMustLoveDogsDating.com, agreed.

"Dogs on first dates are amazing icebreakers," said Kris Rotonda, who started up the site last year that now has 2 million members. "You find out right off the bat how everyone in a relationship will fit in."

But other veterans of the dating-service industry say focusing on a canine connection only adds an extra hurdle to finding love.

"When you consider how challenging it already is to find someone who offers what you are seeking in a romantic partner, and who seeks what you are offering, and where there is also mutual chemistry, and the timing is right ... you have to wonder who in their right mind would want to make it even more challenging by insisting on canine chemistry," said Trish McDermott, who spent 10 years as the dating expert and spokeswoman for Match.com.

McDermott points out that new love is hard enough to foster, without any added issues.

"To squeeze doggie behavior under the first date microscope and to analyze every little wag, nip or bark as further commentary on compatibility is just another way to uncover the fatal flaw of an otherwise potential romance," added McDermott, who now works for OneGoodLove.com, a gay, lesbian and bisexual matchmaking service.

McDermott's concerns won't change Pelzer's plans to return to PetsDating.com. She remembers unpleasant run-ins with dates from sites that don't cater to animal lovers — once a man nudged her pooch off the couch.

"That was the last time we were together," Pelzer said. "You don't do that to my dog."


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German retailer opening US flagship in Cincinnati

CINCINNATI — Picture this: A woman walking down the street wearing a dirndl skirt and bust-hugging bodice paired with ankle boots. Or a man sporting lederhosen — leather shorts, traditionally worn with suspenders — with a T-shirt and sneakers.

Wiesnkoenig (pronounced VEE'-sehn-koh-neg), the official supplier of lederhosen for the Munich Oktoberfest, is hoping its fashion-forward take on traditional German clothing takes off in America with the opening of its flagship U.S. store inside a Cincinnati brewery.

Wiesnkoenig USA planned a launch party for the store Wednesday in Cincinnati's Over-the-Rhine historic neighborhood, which was founded by German immigrants in the 1800s and is now home to a fledgling brewery district.

"We're not selling costumes to make it look like Germans," said Oliver Pfund, a Wiesnkoenig consultant who lives in Munich and his helping his sister, a Munich-born Cincinnati resident, launch the store, which opens to the public Thursday. "We want to show people here in the U.S. you can wear the lederhosen with Chuck Taylors, you don't have to wear the suspenders," he said. "Or you can wear the dirndl with cowboy boots."

Think Bavarian countryside meets Abercrombie.

Founded in 2007, Wiesnkoenig has five stores throughout Germany and sells in department stores there and in Switzerland and Austria.

The Cincinnati store will be its first presence in the U.S., and the company is eying other expansion opportunities in the states.

Cincinnati was a natural choice for Wiesnkoenig, Pfund said.

Not only is Cincinnati sister cities with Munich, it hosts the largest Oktoberfest in the U.S. and one of the largest in the world, drawing a record 600,000 visitors at last year's event.

Wiesnkoenig is opening inside one of the city's biggest success stories, the Christian Moerlein Brewing Company, once the fifth-largest brewery in the nation before Prohibition hit in 1920 and it closed.

In 2010, a longtime beer seller and executive decided to revive the old brand and opened the new Christian Moerlein in a long-shuttered brewery that had underground lagering cellars and a malt house from the 1860s. Its owners plan to turn the brewery into a multimillion-dollar tour facility that includes a rooftop beer garden overlooking the Over-the-Rhine neighborhood and the downtown Cincinnati skyline.

Pfund said the brewery was perfect for Wiesnkoenig's first foray into the U.S. market.

"Obviously the advantage at the brewery are the tours in the building, the constant traffic in front of our store of people interested in the beer culture and the brewing culture," he said. "We hope they have an interest in the German culture, as well."

___

Follow Amanda Lee Myers on Twitter at https://twitter.com/AmandaLeeAP


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Target cuts annual profit outlook

NEW YORK — Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S.

The nation's third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7 percent. Excluding expenses related to the data breach, the results were a penny short of Target's reduced estimate issued earlier this month.

Still, there were some encouraging signs. Target said that customer traffic, which fell sharply right after the breach was disclosed, is recovering and monthly sales are improving. Revenue at stores opened at least a year up moved into the positive territory for six weeks in a row, a period that includes a bulk of the back-to-school shopping season. The figure is considered a key measurement of a retailer's operating performance.

But Target, which ramped up promotions in the first quarter and pulled back in the second quarter, said it still had to cut prices more than originally expected in the latest period. That shows that even as most of its low- to middle-income shoppers have moved beyond the breach, they remain cautious about spending in a still tough economic environment.

The reduced forecast come three weeks after Target named PepsiCo executive Brian Cornell as its new CEO as the retailer fights to redefine itself to American shoppers.

Cornell, who started his job Aug. 12, marks the first outsider to take the helm at Target. He replaces Mulligan, who was named interim CEO when Gregg Steinhafel resigned in early May in the wake of the data breach that compromised the credit card and personal information of millions of customers and exposed big security flaws.

But Steinhafel was dealing with other challenges, including a costly expansion in Canada and criticism that Target had lost its magic as a purveyor of trendy affordable fashions and home decor.

The latest results highlight the challenges that Cornell faces. He must wrestle not only with specific problems at Target but also with broader challenges that are facing the economy and the retail industry in general.

Retailers, particularly those who cater to low-income shoppers, are still navigating a slowly recovering economy that hasn't yet benefited all Americans equally.

Stores also face a shifting landscape where mobile shoppers want more flexibility in where and how they buy.

But Target's problems run deeper. Target needs to reclaim its status as a purveyor of cheap chic at a time when other stores are copying its formula. To address that issue, Target is revamping its beauty departments and is also planning to increase its offerings of trendier fashions.

In an interview with reporters on Wednesday, Mulligan said the goal is to get shoppers back in stores by offering more exciting products. Customer traffic was down 1.3 percent in the first quarter, not as bad as the 2.3 percent drop in the first quarter. Right after the breach was disclosed last December, traffic dropped 5 percent.

Target also faces the lingering effects of the breach. The company has responded to the breach by overhauling security and technology. The company has been accelerating its $100 million plan to roll out chip-based credit card technology, which is considered more secure, in all of its nearly 1,800 stores.

The company said Wednesday that it incurred gross breach-related expenses of $148 million, partially offset by the recognition of a $38 million insurance receivable in the quarter.

As for Canada, the company is working to revamp its business under new management. Last week, it outlined key initiatives such as a price-matching program and a merchandising partnership with celebrity designer Sarah Richardson. Gross profit margin rate at its Canadian business fell to 18.4 percent from 31.6 percent a year ago as it had to aggressively mark down goods.

Such factors weighed on the second-quarter results.

Target said it earned $234 million, or 37 cents per share, in the quarter ended Aug. 2, compared with earnings of $611 million, or 95 cents per share, a year earlier.

Revenue rose 1.7 percent to $17.4 billion, slightly above the $17.38 billion estimate from FactSet. Revenue at stores open at least a year was unchanged from a year ago.

Excluding expenses related to the data breach, the company earned 78 cents per share. Analysts expected 79 cents per share, according to FactSet.

The company said it now expects full-year adjusted earnings to be in the range of $3.10 to $3.30 per share, compared with prior guidance of $3.60 to $3.90. Analysts had expected $3.50 per share.

Mulligan told reporters that the company is beginning to "heal." But the reduced annual forecast takes into account a still tough economy.

"The retail environment is very promotional," he added. "Consumers still continue to act very cautiously."

Target's shares slipped 22 cents to $59.47 Wednesday.

The shares, excluding Wednesday's performance, have been down 6.3 percent since the beginning of the year and have lost nearly 13 percent of their value over the past 12 months.

______________

Follow Anne D'Innocenzio at http://www.Twitter.com/adinnocenzio


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Egypt says rolling blackouts to end in 4 months

CAIRO — Egyptian officials promised Wednesday to end rolling power blackouts that have plagued the country within four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants.

Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power. The crisis has caused water cuts, affected hospitals and cut communications as many had difficulty recharging their mobile phones.

Parts of the capital lose power numerous times a day, plunging entire neighborhoods into darkness for an hour or more each time.

In one incident, doctors were forced to carry out a two-hour surgical procedure to remove a woman's uterus at a public hospital in Ismailia city with only lights from cellphones to see with, after the frequent power cuts also ruined the building's generators. Pictures of the operation were posted by Egypt's official Doctors' Syndicate.

Prime Minister Ibrahim Mehlab described the outages as a "severe problem" and "complicated." He linked them to several factors, including a shortage of natural gas, out-of-service power plants needing maintenance and hot weather.

He had previously blamed some of the outages on 300 attacks by saboteurs on electrical lines, which he said had led up to a 15 percent reduction in production by up to 15 percent. At the time, Mehlab was referring to Islamist supporters of ousted President Mohammed Morsi.

On Monday, Egyptian President Abdel Fattah el-Sissi, who led the overthrow of Morsi, told governors during five-hour meeting to guard electrical lines from attacks.

"The needy people are in pain because of attacks on pylons that cause blackouts for one, two or more hours," el-Sissi said during the meeting, parts of which were broadcast on state television.

Electricity Minister Mohammed Shaker on Wednesday blamed the problem on a gap between consumption and production, but promised the government will add a total of 4,810 megawatts to its more than 22,000-megawatt total production by November. Shaker said that will be a "breakthrough" in the crisis. He said the government will end all power outages in the country in four years by building new power plants.

The blackouts in Cairo and other cities have increased amid an energy crunch linked to shrinking revenues and the government's inability to pay its debts to foreign oil companies. The crisis has caused public anger, especially with most Egyptians still reeling from an increase in fuel prices, a gradual increase in the price of electricity, a new property tax and a rise in cigarette prices.

The measures were part of government's attempts to decrease its budget deficit — which now stands at around 10 percent of Egypt's forecast gross domestic product for 2014-2015— and break free from a massive subsidies program that eats nearly a quarter of its budget.

Egypt's government has promised to introduce a minimum wage for public sector workers, increase pensions and make more food available in state-run outlets selling at discounted prices.


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Home Depot 2Q profit climbs 14 percent

Written By Unknown on Selasa, 19 Agustus 2014 | 22.26

ATLANTA — Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season.

The nation's largest home improvement retailer also raised its annual profit guidance Tuesday.

Spring is the biggest season for home-improvement retailers, as homeowners and others work on their yards and gardens. While the season started off a bit cold and rainy, weather improved and shoppers headed out to stores to pick up supplies. In particular, purchases over $900 like appliances and water heaters, which account for 20 percent of total U.S. sales, rose 8 percent.

"These results support the view of a continued recovery in the U.S. home-improvement market," Frank Blake, Home Depot's CEO, told investors during its earnings call.

Home Depot also has been helped of late by an improving U.S. housing market. Home prices have started to rise, and there's been steady job growth and fewer troubled loans dating back to the housing-bubble days. While the housing market has recently had a bit of trouble maintaining that momentum, many home owners are spending more to renovate their homes.

On Tuesday, the government offered encouraging data on the housing market. The Commerce Department reported that home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Home construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes.

Applications for building permits, considered a good sign of future activity, also showed strength in July, advancing 8.1 percent to an annual rate of 1.05 million, after declines of 3.1 percent in June and 5.1 percent in May.

The July rebound reflected strength in single-family home construction, which rose 8.3 percent, and in apartment construction, which was up 33 percent.

Shares of Home Depot rose $3.88, or more than 4 percent, to $87.47 in Tuesday trading.

For the three months ended Aug. 3, Home Depot Inc. earned $2.05 billion, or $1.52 per share. A year earlier it earned $1.8 billion, or $1.24 per share.

Analysts surveyed by Zacks Investment Research predicted earnings of $1.44 per share.

Revenue climbed nearly 6 percent to $23.81 billion from $22.52 billion. This beat Wall Street's forecast of $23.57 billion.

Sales at stores open at least a year, a key gauge of a retailer's health, rose 5.8 percent. In the U.S., the metric increased 6.4 percent. Sales at stores open at least a year excludes results from stores recently opened or closed.

Online sales surged more than 38 percent in the quarter.

Home Depot now foresees fiscal 2014 earnings of $4.52 per share. Its prior outlook was for $4.42 per share. Before that, the retailer anticipated earnings of $4.38 per share. Analysts polled by FactSet expect earnings of $4.41 per share.

The chain maintained its guidance for full-year sales to be up about 4.8 percent from the previous year. Based on 2013's revenue of $78.81 billion, this implies approximately $82.6 billion. Wall Street predicts $82.5 billion.

Home Depot's smaller rival Lowe's Cos. reports its financial results on Wednesday.


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Recaro recalls over 39,000 child safety seats

DETROIT — Recaro is recalling more than 39,000 child safety seats because they can let a child's head move too far in a crash.

The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when the seats are installed with the lower latch anchors and without the top tether.

Recaro will notify owners and provide set of new instructions telling owners not to use the lower latch system with a child weighing 40 or more pounds. The company also will send a new instruction label for the seat.

The problem was discovered in testing by Recaro. The company says in documents sent to U.S. safety regulators that it cannot determine if the problem caused any injuries.


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Fox Sports taps YouTube Space LA for social-focused @TheBuzzer web show

Fox Sports, looking to deepen its reach with younger audiences on social platforms, has partnered with YouTube Space LA to produce a daily web-video series explicitly focused on fast-breaking stories that will be shared online.

The videos, each about one minute long, are posted to Fox Sports' YouTube channel as well as FoxSports.com. The goal is to produce four to 10 videos per day, centered on quick, snarky commentary to harness social buzz immediately as it hits the sports world.

"Until now, we haven't had a video-based program designed to be quick and active on social media to promote stories," said Pete Vlastelica, EVP of digital for Fox Sports.

The @TheBuzzer series, produced from the YouTube Space LA facility in Playa Vista, Calif., soft-launched earlier this summer. Last week, leading up to the official launch in time for the NFL's 2014-15 season, Fox Sports installed a full-time host for the show: Nicole Dabeau, previously a correspondent for "Entertainment Tonight" and "The Insider," who is repped by Creative Management Entertainment Group.

Currently, @TheBuzzer videos collectively average about 500,000 views per week -- relatively modest, by YouTube standards. But according to Fox Sports, more than 40% of the traffic for the series comes from social-media platforms such as Facebook, Twitter, Tumblr and Google+.

Two examples of recent @TheBuzzer clips: "Byron Scott: No Laker Can Beat Me In Horse" and "13-Year-Old Pitcher Mo'Ne Davis Wins Weekend."

"The program is designed to anticipate what will trend socially," said Vlastelica, adding that Fox Sports' 50-member online and social editorial team is on the lookout for trends and stories to produce for @TheBuzzer. "That's a skill in and of itself, understanding what gets shared on Twitter and Facebook," he said.

Over all, the idea is to more closely align the programming on Fox Sports 1 -- 21st Century Fox's 24-hour cable channel launched a year ago -- with the programmer's digital properties, according to Vlastelica. ""We're not a TV company," he said. "We're a media company designed to reach viewers wherever they are."

Fox Sports has previously dabbled in digital-native video content with Digital VideoFest, a contest in which a dozen YouTube creators vied for a development deal with the programmer. The winner was AVByte, a YouTube channel run by brothers Vijay and Antonius Nazareth, for their "This Week in Sports" recap show set to music.

Fox Sports' @TheBuzzer series is sponsored by Ford Motor Co., which also backed the series with AVByte.

Even with revenue behind it, the program will continue to be a digital sandbox of sorts. With @TheBuzzer, Fox Sports has been able to discover in a "fast-fail model" what works for digital-video publishing -- and what doesn't, said Liam Collins, head of YouTube Space LA.

"If you are in an environment where there is not a big cost to experimenting, that's a good thing," Collins said. "If you're Fox Sports and want to build even more audience, that audience is going to tell you what they want to see."

(C) 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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CBS seeks more than $500K for ads in 'Thursday Night Football'

CBS is seeking more than half a million dollars for a 30-second spot in its coming "Thursday Night Football" broadcasts,which will be simulcast on cable's the NFL Network -- the latest signal that TV networks believe live football gives them a greater advantage in reaching the large crowds of consumers their sponsors expect.

At $500,000 or more, a spot in the show, which is being broadcast on CBS via a partnership established in February with the National Football League, would cost advertisers more than any other program on primetime TV except for NBC's "Sunday Night Football," according to a Variety survey of primetime ad prices. NBC was able to command an average of $628,000 for a 30-second spot in last season's series of games, according to the survey.

The second most-expensive primetime show last season was ESPN's "Monday Night Football" broadcasts, which cost advertisers an average of $408,000, according to the survey.

Even football, however, is facing greater scrutiny from potential sponsors. Advertisers tamped down the amount of money they have been willing to place on advance ad inventory in this year's annual "upfront," so even these highly-viewed pieces of content are not sold out.

"There is still space available" in CBS' Sunday-afternoon and Thursday-night football broadcasts, said John Bogusz, the network's executive vice president of sports sales and marketing, in an interview. "We are happy with where we are," he said of the amount of advertising sold.

Lowe's and Verizon will sponsor the first half-hour and second half-hour, respectively, of the Thursday pre-game show while Lexus will sponsor halftime and Mazda will support the post-game show.

CBS is guaranteeing a 12.3 household rating for the games, which is not far behind performance of NBC's Sunday-night matches from last season. That rating would be a cume of the broadcasts on both CBS and NFL Network -- and an underlying factor in why the CBS games cost less than NBC's, according to ad buyers.

Bogusz said CBS has seen good demand for football from automobile manufacturers, movie studios, fast food chains, beverage marketers and telecommunications advertisers.

In a Monday presentation, CBS Sports chairman Sean McManus said, "The entire CBS Corp. is behind" the new Thursday-night broadcasts. "We are determined to work with the NFL to make sure this is a success." The eight-game CBS package is expected to run Sept. 11 to Oct. 30.

(C) 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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US home construction jumps 15.7 percent in July

WASHINGTON — U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday. That was the fastest pace since November and followed declines of 4 percent in June and 7.4 percent in May.

Applications for building permits, considered a good sign of future activity, also showed strength in July, advancing 8.1 percent to an annual rate of 1.05 million, after declines of 3.1 percent in June and 5.1 percent in May.

The July rebound reflected strength in single-family home construction, which rose 8.3 percent, and in apartment construction, which was up 33 percent.

The strength in July was led by a 44 percent rise in construction starts in the Northeast. Housing construction was up 29 percent in the South, recovering from a 26.8 percent plunge the month before blamed in part on heavy rains in that part of the country. Sales rose 18.6 percent in the West but fell 24.8 percent in the Midwest.

Economists noted that the July performance was much better than expected, and June was revised significantly higher, both good signs for the future.

Sal Guatieri, senior economist at BMO Capital Markets, said solid job growth and a recent decline in mortgage rates were helping boost construction. But he said weak wage growth and tight lending standards were still depressing activity, especially among first-time buyers.

A report Monday indicated homebuilders are feeling more confident about their sales prospects, a hopeful sign that home construction and sales of newly built homes could pick up after stalling in recent months.

The National Association of Home Builders/Wells Fargo builder sentiment index rose in August to 55, up two points from a revised 53 for July. That is the third straight monthly increase and put the index at its highest reading since January, when it was 56. Readings above 50 indicate more builders view sales conditions as good rather than poor.

Builders' views of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers all increased in August, brightening the outlook.

Sales of new homes are running behind last year's pace. They fell 8.1 percent in June to a seasonally adjusted annual rate of 406,000.

A mix of rising home prices, higher mortgage rates and weak wage growth have made it more difficult for potential buyers to buy a newly built home. These factors have particularly depressed demand by first-time buyers.

But economists are still looking for a rebound, given the fact that the U.S. economy has been adding jobs at a healthy clip with gains topping 200,000 jobs for six straight months through July.

Housing, while still a long way from the boom of the last decade, has been recovering over the past two years. Though new homes represent only a fraction of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to data from the Home Builders.


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Fed suit on title insurance kickbacks should be wake-up call

Written By Unknown on Minggu, 17 Agustus 2014 | 22.27

WASHINGTON — A new federal court suit alleging kickback violations by one of the country's top-producing real estate sales teams raises an unsettling question for homebuyers: Could your agent or broker be pocketing under the table large chunks of what you pay for title insurance?

Some legal analysts say the litigation should be a wake-up call for realty brokers and their customers nationwide. It focuses fresh attention on the often murky financial relationships that exist between title insurance agencies and realty firms — relationships that have been drawing increasing scrutiny from the federal Consumer Financial Protection Bureau.

The suit, which was filed in U.S. District Court in Baltimore earlier this month, alleges that the Creig Northrop Team P.C. — a real estate group ranked among the highest-grossing nationwide in recent years — received payments totaling $1.3 million between 2001 and 2014 from a title insurance company, which the complaint characterizes as illegal "kickbacks" that were never disclosed to buyers. The plaintiffs also allege that the defendants used "sham" employment and marketing agreements to disguise the true nature of the payments.

The Northrop team is affiliated with Long and Foster Real Estate Inc., the largest independent brokerage in the country. Timothy Casey, an attorney representing both the Northrop team and Long and Foster, said he had no comment on the case, pending authorization from his clients to do so. Lakeview Title Insurance Co., which allegedly paid kickbacks in exchange for referrals of business by the Northrop team, did not respond to a request for comment. The defendants' answer has not yet been filed.

The filing seeks class action status, $11.2 million in "compensatory damages" for the plaintiffs, plus potentially millions more in other damages. A related suit sought and was granted class action status by the same federal court earlier this year. In that case, the Northrop team and Long and Foster denied any wrongdoing.

The court ultimately dropped Long and Foster from the class action, having found no evidence that Long and Foster had participated in the Northrop team's alleged actions.

The new suit, brought by Nancy Wade and Janice Rulli, who purchased a home in Ellicott City, Md., through the Northrop team, seeks to reinstate Long and Foster as a defendant with new allegations that an employee of the brokerage firm not only was aware of the allegedly illegal payments, but "admonished and disciplined" sales agents when they did not steer business to the title agency.

The complaint alleges that Carla Northrop, vice president of the team, received $775,000 from Lakeview Title over a six-year period under an "employment arrangement" that required little or no work — she had no office space, no set hours, no cellphone or business cards — yet was compensated with one-half of the title insurance premiums charged to home purchasers who were referred by the Northrop team.

No one can predict how the court system ultimately will rule on the allegations in the Northrop case. But real estate industry experts say it highlights an area of growing sensitivity for brokers and agents. Though federal prohibitions against kickbacks for business referrals have been in place for decades, regulators and consumer attorneys are becoming more aggressive in challenging "marketing" and employment compensation deals that can add significant amounts to brokers' incomes, but discourage their buyers from shopping for lower-cost or better settlement services.

Such arrangements are widespread, said New Orleans attorney Marx Sterbcow, and "a lot of them" are vulnerable to legal attack.

According to Sterbcow, payments for questionable "marketing services" can range into the hundreds of thousands of dollars a month in the case of large brokers or involve more modest payments to small brokerages or even to individual agents who have negotiated arrangements with title and other vendors.

The Consumer Financial Protection Bureau has begun stepping up its own investigations and enforcement actions against brokers and title companies, especially on alleged referral-fee arrangements and inadequate disclosures provided to consumers.

It recently settled with one large realty broker for $500,000.

Under federal law you are free to shop for title and other services.


22.27 | 0 komentar | Read More

Tax holiday lures Massachusetts shoppers

Shoppers packed stores as the state's sales tax holiday kicked off yesterday, with retailers anticipating a blockbuster weekend at the registers in the doldrums of summer.

"We are expecting to see a pretty big weekend," said Bill Rennie, vice president of the Retailers Association of Massachusetts. "We're expecting big crowds this weekend, a lot of traffic in the stores."

A spokesman for the Northshore Mall in Peabody said stores were busy yesterday, and so were the parking lots.

"You can definitely see the influx of traffic compared to a typical Saturday in August," said Rich Balest. "Northshore is looking pretty good right now."

The big box stores and electronics retailers were seeing the most traffic, he said.

Rennie said the association's members expect to rack up close to $500,000 in sales this weekend.

"Interest is as high as it's been in years past," Rennie said.

The state department of revenue estimated the state missed out on roughly $24.6 million in uncollected sales tax last year. That was the fourth straight increase over the year before.

Many stores doubled their staffing levels and across the state malls rolled out the promotions and gimmicks. The Simon Malls, which include the Northshore Mall, Square One Mall and South Shore Plaza, had extended hours, and the Northshore Mall had puppies on hand so people could take a break from sales tax-free shopping and play with the dogs.

Antonio Duarte said his freezer broke a week ago and he waited for the tax holiday to take a trip to the Northshore Mall to replace it.

"It comes at the right time," Duarte said. "I saved a few bucks."

Stacey Stanley is building a new house, and needed some supplies from the plumbing supply store, she said.

"It just so happened to fall on the tax-free holiday, so we said might as well," she said. "I think it's great, maybe they should do it twice a year."

Still, not everyone was buying into the sales tax holiday, which suspends the sales tax for items up to $2,500 — a $150 savings on the maximum amount.

"If Macy's decided to have a storewide sale for 6.25 percent, no one would show up for that," said Edgar Dworsky, founder of Consumer World. "It's very big hype."

Still, he said the holiday can help people save on specific items.

"People are going to save the most on big-ticket items, stuff for which normally it hurts if you have to pay sales tax on it," he said. "Just because it's 6.25 percent less expensive, that's no reason to buy it if you don't need it."


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The Ticker

Google buys Calif. photo co. Jetpac

Tech giant Google has purchased the startup Jetpac, creator of software that analyzes the pictures cybernauts post on the Internet and works up urban guides from the information it extracts from them, the Jetpac Web site said.

Founded in 2011 with headquarters in San Francisco, Jetpac compiles information from the photos that users post on social networks, for example on Instagram, the property of Facebook, and by means of an advanced system of artificial intelligence, creates guides with the information it extracts from them.

The usual pictures of food, buildings, people and decorative elements circulated by Instagram enrich the useful content of Jetpac's online guides to the habits, activities, curiosities and leisure-time possibilities that each city has to offer.

The monetary value of the acquisition has not been revealed.

TOMORROW

  •  National Association of Home Builders releases housing market index for August.

TUESDAY

  • Commerce Department releases housing starts for July.
  • Labor Department releases Consumer Price Index for July.

WEDNESDAY

  • Federal Reserve releases minutes from its July interest rate meeting.

THURSDAY

  • Labor Department releases weekly jobless claims.
  • Freddie Mac, the mortgage company, releases weekly mortgage rates,
  • National Association of Realtors releases existing home sales for July.
  • Conference Board releases leading indicators for July.
  •  Ted Finnerty, left, joins the Boston office of JLL from the New York office, where he was a vice president and associate director. Prior to coming to Boston, Finnerty led the 12-person capital improvement team for the Empire State Building. His experience also includes a number of tenant fit out projects of varying sizes for a variety of clients. Finnerty is a LEED Accredited Professional and was named to Real Estate New York's "Top 30 Under 30" list in 2007.
  •  Nick Herz has joined Boston Realty Advisors as a managing director and shareholder in the Capital Markets group. Herz will focus on expanding investment sales, debt finance, and equity placement activities. Prior to joining Boston Realty Advisors. Herz served as senior vice president in the Capital Markets groups at CB Richard Ellis/New England and Colliers International.

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Site lets job seekers ‘upskill’

When Iba Masood and Syed Ahmed graduated from college in 2010 and 2011, respectively, they initially had trouble finding jobs.

Like many of their classmates, they had the education, but not the specific skill sets that some companies were looking for.

So in 2012, they created Gradberry, a website that allows students and graduates to "upskill" through interactive, online courses and find jobs and internships, and allows employers to find new talent.

"Industries are currently in flux and constantly changing, and universities haven't been able to keep up with the new tools of the trade that graduating students need," said Masood, co-founder and CEO of Gradberry, now a finalist in the MassChallenge startup accelerator and competition.

Many business schools don't teach students how to use the software tool Salesforce, for example, a skill that many employers require for sales and customer relationship management positions.

"Gradberry aims to fill that gap," Masood said.

The website offers both free and paid courses taught by experts in areas such as technology entrepreneurship, social-media marketing, HTML5 and digital photography. Prices for paid courses generally range from $49 to $99. And once you've completed all the lessons in a course, you earn a certificate that you can add to your Gradberry talent profile.

You can also search for internships, freelancing opportunities and full-time jobs on the website, and employers can search for job candidates by browsing through their talent profiles.

Viveka Mishra, a fellow MassChallenge finalist, used Gradberry to post a job last week for a full-time marketing position at her company, PegaSense.

"The site was incredibly simple to use, and the posting itself was nestled in between Amazon job postings," Mishra said. "When I posted the job, Gradberry tweeted an energetic, 'PegaSense is looking for a marketing rockstar,' with a link to the posting to their massive amount (11,100) of Twitter followers."

"Using Gradberry has been great marketing for PegaSense," she said, "and we've since been in contact with high-caliber candidates from across the globe."

Worldwide, Gradberry has 38,000 users and will never charge people applying for jobs, Masood said, but the company will begin charging employers by next year for premium services such as training for 
employees or advanced filtering that will allow companies to search for prospective job applicants by their universities and majors.


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Malibu fault code affected by which engine powers it

Code P0172 came up in my 2010 Chevy Malibu. The dealer charged me $100 to troubleshoot the code. I was told that all the sensors were good and to run the gas tank low and fill up with high-octane gas. Does going to high-octane gas make any sense to you? The "Check engine" light is still on and I'm concerned that if another code comes up I'll never know. What do you think?

If the engine in your vehicle is the 2.4-liter inline four-cylinder, the P0172 indicates a rich fuel/air mixture. The long-term fuel trim is beyond the range of adjustment based on the oxygen sensor feedback to the PCM. Look for a leaking fuel pressure regulator or fuel injector, or a restriction in the induction system like a clogged air cleaner or collapsed induction hose. Other possibilities include fuel contamination in the crankcase, a faulty PCV or evaporative emissions system, or contaminated fuel. If it is a fuel issue such as an excess amount of alcohol, the dealer's advice might help.

All bets are off if it's a V-6 engine because the P0172 code would indicate a rich mixture on cylinder bank 1 only. If this is the case, look for a mechanical issue with an injector or fuel pressure regulator.

By the way, you may be able to avoid the diagnostic charge in the future. A number of auto parts stores will plug a scanner into the diagnostic link on your vehicle and read any stored fault codes — at no charge. Taking advantage of this service not only can save you money, but arm you with accurate diagnostic information when you take the vehicle to the dealership or service agency.

I am having a problem with my 2000 Chrysler minivan that I bought new. It had 175K on it the first time it stalled on me. Since no one could figure it out I just let it go until now. The problem is after driving the car for at least 40 minutes in very hot weather with the A/C on, the car starts to lose power as if it is running out of gas. The accelerator doesn't respond and as I put my foot on it, the car sputters worse and worse and eventually dies. When I try to restart it and it starts it runs really rough and eventually dies. The first few times I had it towed, and of course by the time it got there [service agency], it fired right up. There were no error codes and no one could figure out what was wrong. I learned that if I just let the car cool down for about 45 minutes it would start and run fine for a long period.

In the rest of your letter you mentioned having the crankshaft and camshaft position sensors replaced, but I doubt this fixed the issue. From your description, the engine is suffering from a loss of fuel pressure. If it is heat-related — high underhood temperatures — it would be labeled "vapor lock," where the fuel boils in the fuel rail, generating air bubbles that disrupt fuel delivery. Try carrying a spray bottle of water with you, and when this happens again open the hood and cool the underhood components of the fuel system with water. If the car restarts and runs cleanly, it's vapor lock. Servicing the cooling system and ensuring good airflow through the A/C condenser and radiator can help lower underhood temperatures.

If the water doesn't help, it's possible that it's a failing fuel pump or that debris in the fuel tank is slowly clogging the fuel strainer surrounding the fuel pickup as you drive. This would also cause a loss of fuel pressure, but after sitting the debris can fall away from the strainer, allowing the car to run fine again — for a while.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at: Star Tribune, 425 Portland Ave. S., Minneapolis, Minn., 55488 or via email at paul brand@startribune.com. Please explain the problem in detail and include a daytime phone number. Because of the volume of mail, we cannot provide personal replies.


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