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After brief blackout, CBS, Dish reach carriage deal covering WBZ and WSBK

Written By Unknown on Sabtu, 06 Desember 2014 | 22.27

CBS and Dish Network on Saturday morning said they reached a multiyear pact for carriage of CBS-owned stations across the U.S. as well as the Eye's cable networks, coming after CBS pulled its signals Friday night from the satcaster.

The deal covers 27 CBS-owned stations as well as CBS Sports Network, Smithsonian Channel, TVGN and Showtime Networks, which includes Showtime TV Everywhere and video-on-demand rights.

Financial terms of the deal are not being disclosed. The sticking points in the talks, were dragged on for months and included two short-term extensions granted by CBS last month, were as much about digital rights issues as about retrans dollars and cents.

CBS' signal were yanked shortly after 7 p.m. ET on Friday after days of wrangling between Eye execs in New York and Dish execs at the satcaster's HQ in Englewood, Colo. The weekend timing of the blackout was bad for Dish as CBS today is airing college football's SEC championship game featuring top-ranked Alabama vs. Missouri. That's the kind of event that would lead to irate calls from fans who suddenly lost access to local CBS stations.

The stations went back on up Dish just before 7:30 a.m. ET Saturday.

Under the deal, according to a joint statement from CBS and Dish, all pending litigation between the two companies will be dismissed. That includes the broadcaster's lawsuit over Dish's PrimeTime Anytime and AutoHop services, which allow subscribers with the Hopper DVR to automatically skip commercials in shows. As part of the pact, Dish's AutoHop commercial-skipping functionality will not be available for CBS-owned stations and affiliates during Nielsen's C7 window.

Among other issues, CBS and Dish had been at odds over the value of CBS Sports Network, the satcaster said in its statement Friday.

"We are very pleased with this deal, which meets all of our economic and strategic objectives," Ray Hopkins, president of CBS Television Networks Distribution, said in a statement. "We look forward to having Dish as a valued partner for many years to come."

Added Warren Schlichting, Dish senior VP of programming, "We are pleased to continue delivering CBS programming to our customers, while expanding their digital access to Showtime content through Showtime Anytime."

The agreement includes retransmission of 27 CBS-owned stations on Dish in the following markets: New York (WCBS and WLNY), Los Angeles (KCBS and KCAL), San Francisco (KPIX and KBCW), Dallas (KTVT and KTXA), Denver (KCNC), Boston (WBZ and WSBK), Chicago (WBBM), Pittsburgh (KDKA and WPCW), Atlanta (WUPA), Baltimore (WJZ), Detroit (WWJ and WKBD), Miami (WFOR and WBFS), Minneapolis (WCCO), Philadelphia (KYW and WPSG), Sacramento (KOVR and KMAX), Seattle (KSTW) and Tampa (WTOG).

The CBS-Dish deal also grants Dish rights to Showtime video-on-demand content and authentication rights for Showtime Anytime. In addition, the agreement includes "a path" to over-the-top distribution of Showtime. Dish has said it plans to launch an OTT service before the end of 2014, having secured deals with Disney/ESPN, Scripps Networks Interactive and A+E Networks.

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


22.27 | 0 komentar | Read More

Gas pipeline would skirt Mass. towns

The Houston-based company vying to build a controversial gas pipeline through Massachusetts is shifting its proposed route amid heavy local opposition by snaking miles of it through New Hampshire and bypassing more than a dozen Bay State towns.

But the revised plan, which Kinder Morgan officials say they'll officially file with federal regulators Monday, still isn't sitting well with residents and environmental activists who for months have fiercely fought the $5 billion project.

"It really doesn't change anything," said Ken Hartlage, president of the Nashoba Conservation Trust. "There's still going to be more pipeline coming through the neighboring towns. It may not be a problem outside my front door, but it's still going to be somebody else's problem. And it's still going to contribute to climate change by bringing in a lot of carbon-based fuel."

Hartlage said a group opposing the pipeline is already growing in New Hampshire, where some are planning a Dec. 13 meeting in Mason to discuss Kinder Morgan's proposal. "There are groups of people who have mobilized and who are active," he said.

Allen Fore, a Kinder Morgan spokesman, yesterday briefed reporters on its revised plans, which include cutting 14 Bay State towns from its original 127-mile path that weaved from the New York border through Massachusetts.

In the new proposal, 64 miles will still stretch through the state, with roughly 70 miles of pipeline going through 17 New Hampshire towns before weaving back down into Dracut. The new path would also cut through four new Massachusetts towns — Cheshire, Hancock, Lanesboro and Shelburne.

Kinder Morgan officials say the project will help cut into New England's monstrous demand for energy and lower costs. Fore said 90 percent of the project would also be built near or along existing utility paths.

Kinder Morgan officials have been pitching their plans to lawmakers and the Patrick administration. The Herald reported last month that several high-ranking company officials also had donated the maximum $500 to Gov.-elect Charlie Baker's campaign account on Election Day after Baker had publicly come out against the plan during the campaign.

Tim Buckley, a Baker spokesman, said the Republican will review the new proposal after he takes office in January.


22.27 | 0 komentar | Read More

Advocates fear impact of Rolling Stone apology

CHARLOTTESVILLE, Va. — Advocates for sexual-assault victims say Rolling Stone's backpedaling from an explosive account of a gang rape at the University of Virginia doesn't change the fact that rape is a problem on college campuses and must be confronted — even as some expressed concern that the magazine's apology could discourage victims from coming forward.

Students, state government and education leaders, meanwhile, pledged to continue ongoing efforts to adequately respond to — and prevent — sexual assaults on campus.

Rolling Stone cast doubt on its story Friday of a gang rape by a woman it identified only as "Jackie," saying it has since learned of "discrepancies" in her account.

"Our trust in her was misplaced," the magazine's editor, Will Dana, wrote in a signed apology.

The lengthy article published last month used Jackie's case as an example of what it called a culture of sexual violence hiding in plain sight at U.Va.

Alison Kiss, executive director of the Clery Center for Security On Campus, said groups who work in the area will be concerned about a "chilling effect" Rolling Stone's apology could have on sexual-assault victims reporting the crimes.

But she said the magazine's announcement Friday "doesn't change the facts: Sexual assault on campus is drastically underreported and false reports are incredibly rare."

Emily Renda, U.Va.'s project coordinator for sexual misconduct, policy and prevention, and a member of the governor's Task Force on Combating Campus Sexual Violence, said she didn't question Jackie's credibility because that wasn't her role. Renda knows Jackie and also was interviewed for the Rolling Stone article.

"Rolling Stone played adjudicator, investigator and advocate — and did a slipshod job at that," added Renda, a May graduate who said she was raped her freshman year at the school. "As a result Jackie suffers, the young men in Phi Kappa Psi suffered, and survivors everywhere can unfairly be called into question."

Karen Chase, an English professor at U.Va. and Jackie's faculty adviser, said that she doesn't believe Jackie would knowingly say something that wasn't true.

"Jackie is a lovely person who never sought and who thoroughly disdains publicity or sensation," Chase said. "She spoke in good faith, and she deserves respect."

She added that regardless of whether there were incorrect details in the student's account, "We don't need Jackie's story to substantiate the problem of rape on this, or any other campus."

Victoria Olwell, one of the organizers of a protest rally on campus after the magazine story came out, said that it was Rolling Stone's credibility that was damaged.

"Actually, campus activists have been disputing one aspect of the story all along," which was the magazine's "depiction of them as quiescent," she said. "I think that we've seen in the last two weeks how effective we can be in mobilizing students, staff, faculty, and the administration to prevent sexual assault and penalize it more severely."

Rolling Stone said that because Jackie's story was sensitive, the magazine honored her request not to contact the men who she claimed organized and participated in the attack. That prompted criticism from other news organizations.

"We were trying to be sensitive to the unfair shame and humiliation many women feel after a sexual assault and now regret the decision to not contact the alleged assaulters to get their account," the magazine's statement said. "We are taking this seriously and apologize to anyone who was affected by the story."

The statement Rolling Stone posted on its website said discrepancies in the woman's account became apparent "in the face of new information," but provided no details about what facts might be in question.

That wasn't enough for some.

"It is deeply troubling that Rolling Stone magazine is now publicly walking away from its central storyline in its bombshell report on the University of Virginia without correcting what errors its editors believe were made," Attorney General Mark Herring said in a statement.

The original story noted that a dangerous mix of alcohol, date-rape drugs and forced sex at fraternity parties is by no means unique to any one U.S. university. In fact, U.Va. is one of 90 schools facing Title IX sexual-violence investigations from the Education Department, a list that includes four others in Virginia: the College of William and Mary; James Madison University; the University of Richmond; and Virginia Military Institute.

But U.Va was roiled by the article, whose main allegation was that too many people at the university put protecting the school's image and their own reputations above seeking justice for sex crimes. The story prompted protests, classroom debates, formal investigations and a suspension of fraternity activities.

Phi Kappa Psi, where the gang rape allegedly occurred on Sept. 28, 2012, was attacked after the article was published, with cinderblocks thrown through the fraternity house's windows.

The fraternity issued its own statement disputing the account of Jackie, who described being led upstairs by her date, who then allegedly orchestrated her gang-rape by seven men as he and another watched.

"No ritualized sexual assault is part of our pledging or initiation process," the statement said. "This notion is vile, and we vehemently" dispute the claim. "We continue to be shocked by the allegations and saddened by this story. We have no knowledge of these alleged acts being committed at our house or by our members. Anyone who commits any form of sexual assault, wherever or whenever, should be identified and brought to justice."

College officials and state leaders said Friday's developments would not stop ongoing efforts to respond to — and prevent — sexual assaults on campus.

Over the past two weeks, the college community "has been more focused than ever" on the issue, U.Va. President Teresa Sullivan said Friday in a statement.

"Today's news must not alter this focus," Sullivan said.

Gov. Terry McAuliffe's spokeswoman, Rachel Thomas, said the governor has asked for an investigation while continuing to work with state and educational leaders "to ensure that Virginia's college campuses are leaders in prevention, response, and awareness efforts."

Some state lawmakers proposed legislation requiring university officials to report sex assault allegations to the criminal justice system, rather than try to handle cases themselves. Another proposed requiring campus police to report assaults to local prosecutors within 48 hours.

Sullivan asked Charlottesville police to investigate the alleged gang rape. The police inquiry continued Friday.

A vigil organized by high school students in support of sexual-assault victims prior to Rolling Stone's announcement took place as planned on the U.Va. campus Friday evening, with several dozen high school and college students in attendance.

___

Frommer reported from Washington. Associated Press Writer Greg Schreier in Atlanta contributed to this report.


22.27 | 0 komentar | Read More

Candy Crowley to leave CNN

Candy Crowley, a longtime political journalist who has been with CNN since 1987, is leaving the Time Warner-owned cable-news outlet after a 27-year tenure, a person familiar with the matter confirmed Friday. She has been CNN's chief political correspondent.

"State of the Union," the Sunday-morning talk show about politics she has hosted since 2010, is expected to continue on the network, this person said.

Crowley has held forth on "State" since 2010, when she took over the show from John King. Since that time, she has served as the CNN's face, of sorts, in the Sunday morning talk-show wars, competing with "Face The Nation," "Meet The Press" and others for "gets" of prominent political operatives in discussions of the issues of the day.

"I wanted to let you know that Candy has let us know that she has made the decision to move on, so she can embark on the next chapter of her already prolific career," said Jeff Zucker, president of CNN Worldwide, in a memo to staff. "As difficult as it is for us to imagine CNN without Candy, we know that she comes to this decision thoughtfully, and she has our full support."

"State of the Union" is not the most-watched Sunday news program - that distinction is held most weeks by CBS' "Face The Nation" - but the show represents CNN's efforts to be part of the news cycle at that time, when influential viewers tune in to see what they can glean from U.S. Senators, Cabinet members and the like. Crowley's departure takes place as NBC is attempting to retool its venerable "Meet The Press" with a new host, Chuck Todd, while ABC's "This Week with George Stephanopoulos" has made strides in attracting the viewer demographic most coveted by advertisers in news programs, people between 25 and 54.

"We have adapted a blend at the moment that tries to strike the balance between CNN's commitment to reporting what's going on right now, and the traditional Sunday Show mandate for viewers who want to 'take a breath' for deeper insight, analysis, perspective and longer interviews. It means we include our reporters when a story is breaking, and usually a panel to dissect the Big Washington Story," she told Variety by email in August. "When we can, we take the show somewhere else, not just for the visual perspective but because you do tend to get different interviews when you visit the guest rather than when the guest visits you. For us, it is less about big change than about constantly challenging ourselves about what we do -- to make it better."

Crowley has covered the presidential campaigns of Barack Obama, George W. Bush, Bill Clinton, George H.W. Bush, and Ronald Reagan, among others. Since the presidential nomination of Jimmy Carter, she has covered all but one of the national political conventions. She was also granted an exclusive sit-down interview with President George W. Bush just days before he left office.

Crowley began her broadcast journalism career in Washington, D.C., as a newsroom assistant for Metromedia radio station WASH-FM. She served as an anchor for Mutual Broadcasting System radio network, as well as a general assignment and White House correspondent for the Associated Press, where she covered part of the Reagan era before moving on to NBC-TV to become a general assignment correspondent in NBC's Washington bureau.

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


22.27 | 0 komentar | Read More

Surge pricing: Uber's $40B valuation. Worth it?

NEW YORK — Can a company that didn't exist five years ago, an upstart with a knack for angering regulators who could close it down, really be worth $40 billion?

That is the figure that had investors from Wall Street to Silicon Valley abuzz a day after Uber announced it had received more money from venture capitalists than any private company this year. The investment places a value on the car-service company that is higher than American Airlines or Kraft Foods — a stunning vote of confidence.

Or maybe it's just too optimistic.

"It gives me a nosebleed," says Sam Hamadeh, CEO of PrivCo, a research firm. "You're being asked to buy on pure speculation."

The cash infusion from investors — $1.2 billion for a small stake — comes at a time when values for private companies backed by venture capitalists are rising fast. New investments in Dropbox, a file-sharing service, and Airbnb, a website for people renting out their homes, have sent their valuations soaring.

But, at $40 billion, the prize may go to Uber. That is more than double what investors valued the company at just six months ago.

With an easy-to-use app, the company promises to tap a big market that links drivers and customers who need rides. But it also faces regulatory hurdles, competition and questions about how it will make money.

A breakdown of the pros and cons of an investment in Uber:

THE PROMISE:

— BIG MARKET: Uber is offering car service in 250 cities in 50 countries now, up from 60 cities in 21 countries just a year ago. You can order a car using its popular mobile app in Asia, North America, and Europe. That's a big market. Taxi and limousine companies around the world generate maybe $100 billion a year, estimates New York University's Aswath Damodaran, a finance professor who blogs about Uber.

— POWERFUL NETWORK EFFECTS: In some businesses, the more people who use a service, the more valuable it becomes. Think telephone companies or Facebook. With 1.35 billion people on Facebook, more people want to get on line to connect with friends, and that drives ad revenue. The same dynamic — called the network effect — may apply to Uber, at least on a local level. The idea is that more people using Uber will attract more drivers, which will cut wait times and attract still more drivers, which will attract more passengers in a virtuous feedback loop of growth and profits. "If you can get these networks going, it's very powerful," says Anand Sanwal, CEO of CB Insights, which tracks data on venture capital.

— FIRST TAXIS, NEXT THE WORLD: Uber has its sights on expanding into many other businesses, like delivery services. It has teased customers with one-day deliveries of ice cream and kittens. Investors are hoping it will take on rental car companies like Hertz and Avis. Its payments system also offers promise as mobile wallets gain traction.

What else? How about subprime car loans? In a video promoting its financing program to potential Uber car drivers, Uber touts that anyone can buy or lease a car even if they have "bad credit or no credit at all."

"Based on its current car service business, you can't make the case (its valuation) is even close to $40 billion. But that's the not the pitch the company is making," says PrivCo's Hamadeh. "They can take on UPS, FedEx, even the Postal Service."

THE PERILS:

—REGULATORY BACKLASH: Uber has been accused of flouting rules and regulations as it muscles its way into the taxi business. The company is fighting regulatory battles in Chicago and Miami. In Nevada, some of its cars have been impounded. Anti-Uber protests have broken out in Europe. In Berlin and Frankfurt, the service has been banned.

Even its wins can sometime feel like a loss. Last month, Pennsylvania regulators granted Uber an "experimental license" to operate in much of the state, but warned that this was a "last chance" for the company, and that it should "abandon its anarchist ways."

Of course, there is another way of looking at regulatory backlash. According to a recent 50-page report from Morgan Stanley on Uber's threat to the rental car industry, "The level of acrimony is a testament to the success of the model and how starved consumers are for choice."

— NEW COMPETITORS: Uber faces competition not just from a taxi industry eager to protect its turf, but from a bevy of smaller startups such as Lyft, Sidecar, Hailo and Bandwagon. Lyft, which was founded three years after Uber, is pitching a cheery corporate image, with pink moustaches on its cars and the slogan "your friend with a car." It hired a chief financial officer this week, a sign that its business is maturing.

Some cities also have local taxi hailing apps.

—WHERE'S THE MONEY?: Uber hasn't released key financial figures to the public, so valuing the company is guesswork. But it's a pretty safe bet that its revenue and profits, if there are any, don't justify its $40 billion valuation, says PrivCo's Hamadeh. To get to that number, you have to buy into a rosy vision of success in not just the taxi business, but many others, he says. "It's really blind faith that they can compete."


22.27 | 0 komentar | Read More

Panel waits on Wynn̢۪s IRS flap

Written By Unknown on Jumat, 05 Desember 2014 | 22.26

State gaming commissioners stopped short of faulting Wynn Resorts for failing to disclose an IRS request for documents a month before it won the Boston-area casino license — a probe the commission acknowledged Wynn only brought to its attention after a newspaper report.

Commissioner James F. McHugh said the gaming panel's Investigations and Enforcement Bureau (IEB) needs to report back on the nature of the IRS inquiry — which the Wall Street Journal reported is linked to a federal money laundering probe — to determine if Wynn should have notified them earlier.

"There's a difference between an inquiry about customers and an inquiry about them," McHugh said yesterday, after the commission's investigative chief gave her first public report on the matter. "There's an inquiry about them that's routine, there's an inquiry about them that is not routine. Until we know the answers to those kinds of questions, we're not in a position to make a judgment about whether or not we should have known."

IEB director Karen Wells said yesterday the IRS inquiry was brought to the commission's attention when Wynn's general counsel emailed her the Nov. 20 Wall Street Journal article. Wells said her agency's review has not yet turned up any summonses or subpoenas of Wynn employees.

"To my knowledge, at this time, one does not exist," Wells said.

Under the state's gaming law, licensees must "upon receipt of a criminal or civil process compelling testimony or production of documents in connection with a civil or criminal investigation, immediately disclose such information to the commission."

McHugh said, "It sounds to me like a process was not served … the statutory and regulatory obligation to report was not triggered."

But former state Inspector General Gregory Sullivan, now at the Pioneer Institute, said Wynn should have disclosed the inquiry considering the feds had recently reached a settlement with Las Vegas Sands.

"Since Las Vegas Sands had settled a high-roller money laundering investigation by the IRS for $47 million a year earlier, I would have expected the applicant to disclose to the Gaming Commission an administrative summons from the IRS criminal division for information about high-roller money laundering," Sullivan said.

Wynn VP Robert DeSalvio declined comment yesterday, referring questions to a company spokesman who did not respond to an inquiry.


22.26 | 0 komentar | Read More

Report says MIT ‘bursting at seams’

Demand for entrepreneurship and innovation opportunities, facilities and classes is far outpacing the Massachusetts Institute of Technology's ability to meet those needs in terms of space and programs, according to a report commissioned by the university.

"We're bursting at the seams," said Vladimir Bulovic, associate dean for innovation in the School of Engineering and co-author of the preliminary report. "There is a tremendous drive by students for more and more entrepreneurial activity."

The report says many classes and facilities are far too popular to serve everyone, finding:

• A student machine shop that has a six-month, 200-student wait list.

• More than 1,000 applicants for the MIT $100K Entrepreneurship Competition.

• More than 3,000 students — out of roughly 11,000 — who take an innovation and entrepreneurship class each year.

The report recommends a number of solutions, including a co-working space for recent MIT graduates, the construction of two "Innovation Hubs" on campus, and the creation of the Laboratory for Innovation Science and Policy, a department that would study the innovation process and how to foster it.

"We need to provide our students an even better education so they can make an impact," Bulovic said. "Today's students want to make a difference tomorrow with the stuff they learn today."

The report's authors are hosting community briefings — the first on Monday — to solicit feedback before revising and finalizing it next year.


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East Somerville home rings with history

There are many historic homes for sale around Boston, but only one can claim to be the site of the world's first residential telephone connection.

The 4.958-square-foot house at 1 Arlington St. in East Somerville, on the market for $899,000 — down from the original $995,000 asking price — has a fascinating history as well as mahogany and cherry woodwork, original wood floors and brass chandeliers and sconces.

The 10-bedroom house was built in two phases: the 1858 Italianate main house built for the Tufts family and an Eastlake-style renovation and side addition completed in 1888.

In 1877, then-owner Charles Williams Jr., a Hub telegraph manufacturer who teamed up with his business tenant Alexander Graham Bell to build the first telephones, had the world's first home phone. It was connected via a dedicated line to his office at 109 Court St. with "1" and "2" as the phone numbers.

The home is on the city, state and the national registers of historic places.

The first floor living spaces still reflect the home's grandeur, with original doors, carved window and door moldings, and a grand front staircase.

The living room, to the left of the entryway, is a large space with restored oak floors, bay windows and two original fireplaces with cast-iron grates and carved wood mantels. Two brass chandeliers hang from elaborate plaster medallions, and original sconce lights ring the walls.

The formal dining room has elaborate wood floor patterns, a carved fireplace with an Italian tile hearth, and a large original walk-in pantry with glass cabinets. An adjacent library has tall windows and a carved wood mantel fireplace.

Original hinges and brass door knobs, some with carved lion's heads, add to the authenticity.

The house's exterior has much of its original detailing, with covered balconies on either side topped with iron brackets. There's a pedimented covered front porch and brackets under the roof. But the clapboard has been replaced by vinyl and the original facia boards need work.

The kitchen has two intact pantries, but its appliances need to be replaced.

The bedrooms on the second and third floors are good-sized, but bathrooms — two on the second and one on the third floor — need to be redone.

The electrical systems also need updating, but the heating system was replaced about a decade ago.

Despite its condition, the historic home is starting to connect with potential buyers. Several are considering converting it into a bed and breakfast, a use that the city of Somerville will allow, and the Lincoln-based Telephone Museum is interested in buying the house as its headquarters.

"It's taken awhile to attract offers because it has more space than many people require and it needs upgrading," said broker Thalia Tringo. "But the house has a lot to offer with its intricate wood detailing and wonderful room scale."


22.26 | 0 komentar | Read More

Logan eyeing more direct foreign flights

With Mexico City crossed off the list, Massport is looking at adding more nonstop international flights to China, new direct service to India and Brazil, and the return of a direct connection to Milan, Italy.

"Mayor (Martin J.) Walsh also wants us to look at Belfast," CEO Thomas Glynn said, noting Walsh made the request after his September trip to Ireland and Northern Ireland, where he wants to forge greater business ties. "Part of our success has been the enthusiasm from the business community."

The economic impact on the Boston region of Aeromexico's six nonstop flights per week between Boston and Mexico City, which were announced yesterday and start June 1, will be an estimated $49 million, according to Massport. Mexico is Massachusetts' third largest trading partner.

The Aeromexico flights are getting a premium schedule to allow for connections to other parts of Mexico and Central and South America, and to Europe through Aeromexico's Delta Air Lines partnership, said Aeromexico CEO Andres Conesa Labastida.

"Today, Boston has good connectivity to Cancun," Conesa said. "But for leisure (travelers), there is a huge offering of places on the Pacific coast."

Logan's fast-growing international service — Mexico City will be its 42nd international destination — is putting pressure on Terminal E. Massport is investing $100 million in terminal improvements, but an expansion isn't on the immediate horizon, said Glynn. Massport instead has been moving airlines to other terminals.

"So far we're making it work, but it's definitely a question we need to look at," Glynn said. "It's not an easy thing to do when we're surrounded by residential neighborhoods."


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US adds 321,000 jobs, the most in nearly 3 years

WASHINGTON — A burst of U.S. hiring in November — the most in nearly three years — added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world.

In addition, the government said Friday that 44,000 more jobs were added in September and October combined than it had previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999.

The unemployment rate remained at a six-year low of 5.8 percent.

November's robust job growth, reflecting a steadily rising economy, could make it likelier that the Federal Reserve will start raising interest rates by mid-2015 as many economists have speculated. The Fed has kept its key short-term rate at a record low near zero since 2008 to support the economy.

The job gains last month coincided with a sharp increase in workers' pay. The average hourly wage rose 9 cents to $24.66, the biggest gain in 17 months. Still, over the past 12 months, hourly pay has risen just 2.1 percent, barely above the 1.7 percent inflation rate.

Hiring last month was broad-based but was particularly concentrated in retail, temporary services and transportation and warehousing. Those increases likely reflect seasonal hiring for the holiday season. Shipping companies have announced ambitious plans: UPS has said it expects to add up to 95,000 seasonal workers, up from 85,000 last year. FedEx plans to hire 50,000, up from 40,000.

In addition, manufacturers added 28,000 jobs, the most in a year, and education and health services 38,000. Professional and business services, a category that includes temps but also higher-paying jobs in fields such as accounting and engineering, added the most jobs in four years.

The surge in hiring comes after the economy expanded from April through September at its fastest pace in 11 years. The additional jobs should support steady growth in coming months.

The U.S. recovery still has far to go to fully rebound from the Great Recession, given that many people without jobs have stopped looking for one and are no longer counted as unemployed and many others have received little or no pay increases.

"At this rate, we won't return to pre-recession labor market health until October 2016 — nearly nine years since the recession began," said Elise Gould, a senior economist at the liberal Economic Policy Institute.

Even so, the improving U.S. job market contrasts with weakness elsewhere around the globe. Growth among the 18 European nations in the euro alliance is barely positive, and the eurozone's unemployment rate is 11.5 percent. Japan is in recession.

China's growth has slowed as it seeks to rein in excessive lending tied to real estate development. Other large developing countries, including Russia and Brazil, are also straining to grow.

Most economists say the United States will likely continue to strengthen despite the sluggishness overseas. The U.S. economy is much less dependent on exports than are Germany, China and Japan. U.S. growth is fueled more by its large domestic market and free-spending consumers, who account for about 70 percent of the economy.

That trend helps support the steady U.S. job growth. Most of the industries that have enjoyed the strongest job gains depend on the U.S. market rather than on overseas demand. Retailers, restaurants and hotels, and education and health care, for example, have been among the most consistent sources of healthy hiring since the recession officially ended in 2009.

Most recent figures on the economy have been encouraging. Americans are buying more cars, which will likely keep factories busy in coming months. Auto sales last month rose to their second-fastest pace this year. Car sales are on track to rise 6 percent this year from 2013.

And a survey by the Institute for Supply Management, a trade group of purchasing managers, showed that services firms expanded at nearly the fastest pace in eight years last month. Retailers, hotels, construction firms and other service companies added jobs, the survey found, though more slowly than in October.

The ISM's separate survey of manufacturing firms showed that factories are expanding at a brisk pace. New orders and order backlogs rose, pointing to steady growth in coming months.

There have been some signs of moderating growth. Consumer spending rose only modestly in October. And businesses ordered fewer big-ticket manufactured goods that month, excluding the volatile aircraft category. That indicates that companies are holding back on investment.


22.26 | 0 komentar | Read More
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