Diberdayakan oleh Blogger.

Popular Posts Today

Restored Victorian a treasure

Written By Unknown on Sabtu, 27 April 2013 | 20.25

This resplendent Queen Anne Victorian has been restored to its former glory with original period details and new custom cabinetry and woodwork.

The six-bedroom house at 43 Abbot St. in Andover features beamed ceilings, restored pine floors, four wood-burning fireplaces, formal sitting and dining rooms and a kitchen redone in 2007 sympathetic to the period of the house. This 4,931-square-foot house with three levels of living space and a two-story 1993 addition with a garage and great room above is on the market for $1.2 million.

The 1890-built house has a gambrel-shaped roof with recently replaced yellow clapboard siding and a red asphalt shingle roof. There's a columned front porch faced with stone that leads into a grand entry foyer with restored pine floors, a wood beam ceiling and a wood-burning fireplace. There's an original turning staircase to one side and a reception area with a period window treatment. At the far end of the foyer is an anteroom converted into a half bath with a Carrara marble vanity and large oval window.

To the left through pocket doors is a formal sitting room with 12-foot ceilings, restored pine floors, a built-in bookcase and a wood-burning fireplace with a wood mantel.

There's a door here to an adjacent formal dining room that can also be entered through a pocket door from the foyer. The dining room also has restored pine floors, a built-in (for china) and a wood-burning fireplace with a wood mantel.

There's a large kitchen redone in 2007 that has its original wood beams, wide pine floors and recessed lighting. There's a granite-topped knotty pine island, cherrywood cabinets and granite counters. Appliances are black and stainless steel including a just-added GE Monogram wall oven and a three-year-old dishwasher.

This room also has a large brick-walled wood fireplace with a wood-burning stove. On the other side of the kitchen is a breakfast nook with glass doors that lead out to a deck added in 1993. There's a large grass side yard with a garden area.

Off the kitchen is a half bath as well as a back stairway to the upstairs bedrooms.

Behind the kitchen is a family room with pine ceilings, walls and flooring and two walls of windows.

The adjacent 1993 addition has a mudroom with a rear foyer leading to an attached two-car garage and has stairs up to a great room with two skylights, currently used as an artist studio heated by electric baseboard.

The staircase at the front of the house leads up to a pine-floored gallery area and four bedrooms. The master suite has a bedroom with restored pine floors and a chandelier. There's an updated closet space with built-in storage, and an updated en-suite bathroom with cream and gray marble tiles, a beadboard cabinet, granite-topped vanity and walk-in shower.

The other three bedrooms, two good-sized and one smaller, have pine floors and lots of closet space. One bedroom has a fireplace, another a closet with a washer and dryer. There are two other full bathrooms on this floor redone in the late 1980s, one with a shower, another with a raised whirlpool tub in front of a stained-glass window.

There are two additional bedrooms and a full bath on the third floor, along with lots of storage in flanking eaves.

Half of the basement has wood floors and there are fieldstone walls that extend into a full bathroom with blue tile floors and a walk-in shower. There's a washer and dryer in a laundry area and a room used as a wine cellar. The home's steam boiler is here, with heat fed through original steam radiators in the original areas of the house. There is no central air conditioning.


20.25 | 0 komentar | Read More

Cuts may stunt state’s growth

Higher worker bonuses and a strong technology sector helped the Massachusetts economy grow faster than the nation for the first three months of the year, but experts warned that federal budget cuts and the payroll tax increase are already taking a toll on the commonwealth.

"What the policy is doing is slowing the pace of our growth," said Michael Goodman, a public policy professor at the University of Massachusetts Dartmouth. "It's like driving around with the emergency brake on. You're still moving forward, but not as fast as you would like."

Massachusetts' real gross state product grew at a rate of 3.9 percent in the first quarter, outpacing the nation's 
2.5 percent growth rate.

In a MassBenchmarks report issued yesterday, experts said the state's solid economic growth from January to March was likely caused by "sizable" bonus payments made to workers in the financial and professional services sectors.

However, the state's professional, scientific and business services sector took a big hit last month with the loss of 3,400 jobs even as the unemployment rate dropped down to 6.4 percent. March marked the beginning of federal automatic spending cuts.

The state grew at an annual rate of 2.4 percent during the fourth quarter of last year while the United States posted a paltry 0.4 percent growth rate.

Federal budget cuts are already starting to slow the commonwealth's leading industries, including health care, higher education and research and development, experts said.

"The national and state economies are being strongly influenced by two opposing forces. On the one hand, growth in consumer demand is being supported by rising home prices, stock markets and job expansion," said Northeastern University economist Alan Clayton-Matthews, senior contributing editor of MassBenchmarks. "On the other hand, fiscal drag in the form of the payroll tax increase and federal budget cuts are slowing the economy. This fiscal drag could dampen growth by as much as 1.5 to 2 percentage points this year. And the continuing recession in Europe and an apparent slowdown in China are not helping matters."

Demand for the state's technology resources — information technology and medical devices — continues to give Massachusetts a growth edge over the nation, said Robert Nakosteen, an economics professor at the University of Massachusetts Amherst's Isenberg School of Management. However, the sector will "take a bit of a hit" as the year progresses because it is largely supported by government spending and contracts, he added.

"The state can't sustain this high rate of growth," Nakosteen said. "We're not in danger of a renewed recession, but the growth we've seen in the last quarter is not going to be sustained."


20.25 | 0 komentar | Read More

Gov asks SBA for loans to those hit by bombing

Gov. Deval Patrick has called on the U.S. Small Business Administration to provide some relief in the form of low-interest loans for small businesses and private nonprofits affected by the Boston Marathon bombings last week.

In a letter, Patrick asked the agency to issue an Economic Injury Declaration for Suffolk County so that long-term and low-interest SBA loans would be made available to businesses and private nonprofits.

"Requesting this federal aid will help Boston and the commonwealth recover faster from the tragic events that unfolded at the marathon," Patrick said. "I urge the Small Business Administration to approve our request quickly to help the small businesses that keep our commonwealth strong rebuild."

In order to receive this federal assistance, the commonwealth must show that businesses suffered substantial economic injury.

If the agency issues the declaration, emergency officials will coordinate with the USSBA and Boston's Office of Emergency Management to have specialists available in the city to work with businesses that may be interested in the loans, Patrick said.

Businesses were gradually allowed to reopen on Boylston Street this week, several days after two bombs went off killing three people and injuring hundreds.


20.25 | 0 komentar | Read More

Boeing says new battery system ensures 787 safety

TOKYO — Boeing Co.'s chief engineer for the 787 Dreamliner said Saturday that changes to the lithium-ion battery system are fully sufficient to ensure the aircraft's safety, although the company has been unable to find the cause of the original battery failures earlier this year that led to groundings of the plane worldwide since mid-January.

Michael Sinnett gave a briefing on the revamped battery to reporters in Tokyo after Japanese and U.S. regulators gave carriers permission to resume 787 flights once battery modifications are made.

The new battery system is designed to prevent a fire, and to contain one should it occur with an "enclosure," a casing around the battery to prevent heat from being released in the aircraft, Sinnett told a news conference in Tokyo.

"Even if we never know root cause, the enclosure keeps the airplane safe, it eliminates the possibility of fire, it keeps heat out of the airplane, it keeps smoke out of the airplane, and it ensures that no matter what happens to the battery, regardless of root cause, the airplane is safe," he said, adding "in some ways it almost doesn't matter what the root cause was."

He said Boeing has identified over 80 potential causal factors and addressed all of them in the new design.

The 50 Dreamliner jets in service worldwide were grounded in mid-January after incidents with smoldering batteries occurred aboard two different planes, leading to hundreds of cancelled flights and revenue losses.

Japan's two biggest carriers have the most 787s — All Nippon Airways owns 17 of the jets, while Japan Airlines has seven. They have begun installing the new batteries over the last week, and airline officials said commercial flights would resume around June as the safety improvements are expected to take several weeks to finish.

It takes five days to completely retrofit one airplane, Sinnett said, and repairs to nine jets are almost complete. New batteries are being shipped from Japanese battery maker GS Yuasa to the airlines, he said.

ANA is planning to conduct a test flight using a modified Dreamliner in Japan on Sunday.

The only U.S. airline using the 787 is United Airlines, which owns six.

Japan is mandating additional safety measures including one test flight after the new system is installed. Operators will need to monitor the new battery system during flight and authorities will require airlines to conduct a detailed sampling inspection of the batteries after a certain period of use.

Special training for all on board personnel including the pilot on 787s is mandated, and airlines are to disclose information on safety measures taken on the 787 to the public.

Boeing has 840 purchase orders of the plane so far.

Sinnett declined to comment on cost for repairs worldwide. He plans to meet with executives from ANA and JAL during his Japan trip.

___

Associated Press writer Emily Wang contributed to this report.


20.25 | 0 komentar | Read More

Obama: Flight delay fix a 'Band-Aid'

WASHINGTON — President Barack Obama says the congressional fix for widespread flight delays is an irresponsible way to govern, but he's prepared to sign the legislation that lawmakers fast-tracked.

He says the bipartisan bill to end furloughs of air traffic controllers is a "Band-Aid" solution rather than a lasting answer to this year's $85 billion in across-the-board spending cuts known as the sequester.

The cuts have affected all federal agencies, and flight delays last week left thousands of travelers frustrated and furious and Congress feeling pressured to respond.

"Republicans claimed victory when the sequester first took effect, and now they've decided it was a bad idea all along," Obama said in his weekly radio and Internet address, aired Saturday.

He singled out the GOP even though the bill passed with overwhelming Democratic support in both the House and Senate.

The president scolded lawmakers for helping the Federal Aviation Administration while doing nothing to replace other cuts that he said harm federal employees, unemployed workers and preschoolers in Head Start.

"Maybe because they fly home each weekend, the members of Congress who insisted these cuts take hold finally realized that they actually apply to them, too," Obama said.

Rushed through Congress with remarkable speed, the bill marked a shift for Democrats who had hoped the impact of the cuts would increase pressure on Republicans to reverse the broad cuts.

Republicans have rejected Obama's proposal to replace the spending reductions with a mix of spending cuts and tax increases.

"There are some in the Obama administration who thought inflicting pain on the public would give the president more leverage to avoid making necessary spending cuts, and to impose more tax hikes on the American people," said Rep. Bill Shuster of Pennsylvania in the Republican address.

Shuster, chairman of the House Transportation and Infrastructure Committee, said the FAA could have averted the flight delays on its own by cutting costs elsewhere and rejiggering work schedules, but chose not to do so.

The bill signed by Obama would let the FAA use up to $253 million from an airport improvement program and other accounts to halt the furloughs through the Sept. 30 end of the government's fiscal year.

Faced with the prospect that emboldened Republicans will push to selectively undo other painful effects of the cuts, the White House said Friday that a piecemeal approach would be impractical, but wouldn't definitely rule out signing other fixes.

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/HouseConference

___

Follow Josh Lederman at https://twitter.com/joshledermanAP


20.25 | 0 komentar | Read More

Toyota, Microsoft beef up Gazoo.com Net service

Written By Unknown on Jumat, 26 April 2013 | 20.25

TOKYO — Toyota is teaming up with Microsoft for an Internet service that links cars, home computers and smartphones so users can find nearby tourist spots, connect on social networks and learn about new models.

The beefed up version of Toyota's Internet site Gazoo.com starts May 30 in Japan, and will be based on "cloud" computing from Microsoft Corp. called Windows Azure. Overseas plans are still undecided.

According to the U.S. software giant, it is the first time the technology, which also uses Sharepoint software, is being used for a company site.

Gazoo.com users tripled over the last five years to 1.65 million. Toyota Motor Corp. said Friday it wants to raise that to 2 million over the next year.

All the world's major automakers are working on similar technology to bring autos up-to-date with the Internet age, from finding restaurants to helping ensure safe driving.

But a major motive for Toyota is appealing to younger Japanese, who are rapidly losing interest in buying cars and are spending their money on smartphones and video games. The trend is so widespread there is a coined phrase, "kuruma banare," or "departure from cars."

Among the Net content in the works are video games, shopping-site links, virtual events and a special social network to chat about cars, according to Toyota. A smartphone application will guide drivers with an electronic voice to 30,000 destinations from 250 routes.

The site will also offer information on more than 3,000 new and used models, including interviews with engineers.

Switching to Microsoft's cloud computing will cut costs for operating the services, although Toyota plans to invest more money in new content for Gazoo.com.

Toyota reached an agreement with Microsoft in April 2011, to work together on telematics, or network technology for cars.

Toyota looked at other cloud computing services before picking Microsoft for the latest project, said Hiroyuki Yamada, an executive at e-Toyota, which looks over such technology.

It is unclear whether the site will really lead to car sales, but Toyota will be able to tap into data on consumer behavior, as well as try to revive Japanese people's fading interest in cars, he said.

Gazoo.com is the brainchild of Akio Toyoda, the president and grandson of Toyota's founder. Well versed in Internet technology, Toyoda was ahead of his time in foreseeing the importance of social networks and stressing how Toyota needs a presence in the blogosphere.

Toyota has a partnership with another U.S. cloud computing company, Salesforce.com, which runs a social network for Toyota plug-in hybrid owners so they can see how efficiently they have been driving and be alerted when their vehicle has recharged. Toyoda also pioneered that partnership.

___

Follow Yuri Kageyama on Twitter at www.twitter.com/yurikageyama


20.25 | 0 komentar | Read More

Tax-free Internet shopping in jeopardy

WASHINGTON — Internet shoppers are moving closer to paying sales taxes for their online purchases. But the fight is far from over.

The Senate voted 63-30 Thursday to advance a bill that would impose state and local sales taxes on purchases made over the Internet. An agreement among senators delayed the Senate's final vote on passage until May 6, when senators return from a weeklong vacation.

Opponents hope senators hear from angry constituents over the next week, but they acknowledged they have a steep hill to climb to defeat the bill in the Senate.

Their best hope for stopping the bill may be in the House, where some Republicans consider it a tax increase. President Barack Obama supports the bill.

The bill would empower states to reach outside their borders and compel online retailers to collect state and local sales taxes for purchases made over the Internet. Under the bill, the sales taxes would be sent to the states where a shopper lives.

Under current law, states can only require stores to collect sales taxes if the store has a physical presence in the state. As a result, many online sales are essentially tax-free, giving Internet retailers an advantage over brick-and-mortar stores.

"We look forward to passing this landmark bill in 11 days and call on the House to stand up for America's Main Street businesses with us," Sen. Dick Durbin, D-Ill., said shortly after Thursday's vote.

Senate Democratic leaders wanted to finish work on the bill this week, before leaving town for the recess. But they were blocked by a handful of senators from states without sales taxes.

Oregon, Montana, New Hampshire and Delaware have no sales taxes, though the two senators from Delaware support the bill.

"I think it's going to be interesting for senators to get a response from constituents over this upcoming week," said Sen. Ron Wyden, D-Ore. "I'm not sure that the country knows that something like this coerces businesses all around America to collect other people's sales taxes."

The bill pits brick-and-mortar stores like Wal-Mart against online services such as eBay. The National Retail Federation supports it. And Amazon.com, which initially fought efforts in some states to make it collect sales taxes, supports it, too.

Retailers who have lobbied in favor of the bill celebrated Thursday's vote.

"The special treatment of big online businesses at the expense of retailers on Main Street will soon be a thing of the past," said Bill Hughes of the Retail Industry Leaders Association. "The overwhelmingly bipartisan support for leveling the playing field is rare in today's political environment and paves the way for a level playing field once and for all."

Supporters say the bill is about fairness for local businesses that already collect sales taxes, and lost revenue for states. Opponents say the bill would impose complicated regulations on retailers and doesn't have enough protections for small businesses. Businesses with less than $1 million a year in online sales would be exempt.

Many of the nation's governors — Republicans and Democrats — have been lobbying the federal government for years for the authority to collect sales taxes from online sales.

The issue is getting bigger for states as more people make purchases online. Last year, Internet sales in the U.S. totaled $226 billion, up nearly 16 percent from the previous year, according to Commerce Department estimates.

The National Conference of State Legislatures estimates that states lost $23 billion last year because they couldn't collect taxes on out-of-state sales.

Anti-tax groups have labeled the bill a tax increase. But it gets support from many Republicans who have pledged not to increase taxes. The bill's main sponsor is Sen. Mike Enzi, a conservative Republican from Wyoming. He has worked closely with Durbin, a liberal Democrat.

Enzi and Durbin say the bill doesn't raise taxes. Instead, they say, it gives states a mechanism to enforce current taxes.

In many states, shoppers are required to pay unpaid sales taxes when they file state tax returns. But governors complain that few people comply.

Under the bill, states that want to collect online sales taxes must provide free computer software to help retailers calculate the taxes, based on where shoppers live. States must also establish a single entity to receive Internet sales tax revenue, so retailers don't have to send them to individual counties or cities.

___

Follow Stephen Ohlemacher on Twitter: http://twitter.com/stephenatap


20.25 | 0 komentar | Read More

Honda's quarterly profit rises despite China woes

TOKYO — Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.

Honda Motor Co. reported Friday a quarterly profit of 75.7 billion yen ($765 million), up from 71.5 billion yen the same period the previous year. Quarterly sales jumped 14 percent to 2.74 trillion yen ($27.7 billion).

Also coming as good news for Japanese exporters like Honda is the weak yen, as it raises the value of overseas earnings and helps bring down its product prices abroad. Such benefits are expected to grow over the coming months for all Japanese automakers.

The dollar has been approaching 100 yen levels, up by more than 20 percent from late last year.

For the fiscal year ended March 31, the maker of the Odyssey minivan, Acura sedan and Asimo robot reported a 367 billion yen ($3.7 billion) profit, up a solid 73.6 percent on year.

It's expecting to do even better this fiscal year through March 2014, with a 580 billion yen ($5.8 billion) profit.

Honda President Takanobu Ito categorized the foreign exchange shifts as corrections.

"The dollar trading at 78 yen and 80 yen was too extreme," he told reporters on the sidelines of the recent Shanghai Auto Show.

A sore point for Honda and other Japanese is the territorial dispute over tiny islands with China that surfaced last year, setting off riots and boycotts. But sales have been gradually recovering.

Honda has been recording strong sales in the rest of Asia, jumping back from the sales drops caused by the floods in Thailand in 2011.

The Japanese have also been recovering from supply disruptions caused by the March 2011 quake and tsunami that devastated its businesses.

Tokyo-based Honda expects to sell 4.43 million vehicles for the fiscal year through March 2014. It sold 4 million vehicles for the fiscal year ended March 31.

It is also expecting to sell 17.4 million motorcycles around the world, up from 15.5 million.

Mazda Motor Corp. reported Friday it swung back into the black from deep losses the previous year.

The Hiroshima-based automaker had a 34.3 billion yen ($347 million) profit for the fiscal year through March, and is expecting a 70 billion yen ($707 million) profit for the fiscal year through March 2014.

Japan's top automaker, Toyota Motor Corp., reports earnings May 8, while Nissan Motor Co. is scheduled for May 10.

___

Follow Yuri Kageyama on Twitter at www.twitter.com/yurikageyama


20.25 | 0 komentar | Read More

AT&T to sell home automation, security packages

NEW YORK — AT&T Inc. is launching its home security and automation service in 15 cities Friday, with an eye toward getting customers hooked on security cameras, thermostats and locks they can control from phones and tablets.

AT&T's "Digital Life" packages will be sold in cellphone stores in markets including Los Angeles, Chicago, San Francisco and Miami. The company plans to roll the offering out to 50 markets by the end of the year.

The home monitoring and automation field is dominated by security firms such as ADT Corp. Other phone and cable companies sell security packages, but AT&T is going further than competitors by developing its own technology and selling it nationwide, not just where it provides local phone service. It has set up monitoring centers, in Dallas and Atlanta.

The entire U.S. home security market is worth about $18 billion per year, said Glenn Lurie, who is in charge of expanding the reach of AT&T's network to new types of devices. That's small compared to AT&T's $127 billion in annual revenue. But only 20 percent of homes have security systems, so there's an opportunity to expand the market, Lurie said.

The initiative comes as the wireless industry has slowed after a decade of heady growth. Now that nearly everyone has a cellphone, wireless companies are looking for other sources of growth.

"We see huge opportunity here. This is a significant, billion-dollar opportunity for AT&T," Lurie said.

AT&T is also hoping to get customers to pay more than the typical $40 per month for home security alone, by providing connections to wireless cameras and other sensors.

AT&T will charge $250 for the equipment and installation of a home security package, plus $40 per month. Options include a camera package for $10 per month plus equipment and installation, climate control for $5 per month, and a remote water main shutoff control for $10 per month.

The equipment ties into a central control panel which can be programmed through the app or Web interface to, for instance, shut off the water main if the water sensor detects a leak.

A basic, security-only package will cost $150, plus $30 per month.

Ralph De La Vega, head of AT&T's wireless division, said employees who tested Digital Life in Atlanta and Dallas last year bought a lot more cameras than the company had been expecting. One of them set a camera to be triggered by motion sensor on the front porch, and nabbed a thief who had been stealing packages.

Only about 1 percent of homes have automation systems, and De La Vega said this could be a big opportunity as well. He's happy he can now check whether his garage doors are open and close them from his phone.

"It's just getting people used to living a different way ... We haven't even begun to tap into the available marketplace. I think the idea is huge," De La Vega said.

The central panel connects to AT&T's wireless network, but should also be connected to a wired Internet modem for redundancy, AT&T said. Any Internet connection will work — it doesn't have to be AT&T's.

Two years ago, AT&T bought Xanboo, a smart-home technology startup. Last year, AT&T announced its plans to launch Digital Life nationwide, and ran trials with employees in Dallas and Atlanta.


20.25 | 0 komentar | Read More

US economy accelerates at 2.5 percent rate in Q1

WASHINGTON — U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.

The Commerce Department said Friday that the economy rebounded from an anemic 0.4 percent annual growth rate in the October-December quarter. Much of the gain reflected a jump in consumer spending, which rose at an annual rate of 3.2 percent. That was the biggest such jump since the end of 2010.

Growth was also helped by businesses, which responded to the greater demand by rebuilding their stockpiles. And home construction rose further.

But government spending fell at a 4.1 percent annual rate, led by another deep cut in defense spending. The decline kept last quarter's increase in economic growth below expectations of a 3 percent rate or more.

Many economists say they think growth as measured by the gross domestic product is slowing in the April-June quarter to an annual rate of just 2 percent. Most foresee growth remaining around that subpar level for the rest of the year.

GDP is the broadest gauge of the economy's health. It measures the total output of goods and services produced in the United States, from haircuts and hamburgers to airplanes and automobiles.

Across-the-board government spending cuts, which began taking effect March 1, have forced federal agencies to furlough workers, reduced spending on public projects and made businesses more nervous about investing and hiring.

Consumers' take-home pay has also fallen because President Barack Obama and Congress allowed a Social Security tax cut to expire. A person earning $50,000 a year has about $1,000 less to spend this year. A household with two high-paid workers has up to $4,500 less. Consumers' take-home pay is crucial to the economy because their spending drives roughly 70 percent of growth.

Americans appeared to shrug off the tax increase at the start of the year. They spent more in January and February, helped by a stronger job market. In part, that's why growth is expected to be solid in the first quarter.

But hiring slowed sharply in March. And consumers spent less at retail businesses, a sign that many were starting to feel the tax increase. Economists expect spending to stay weak in the second quarter as consumers adjust to their smaller paychecks.

Ben Herzon, an economist at Macroeconomics Advisers, said the tax increases could shave roughly 1 percentage point from growth this year. He also expects the government spending cuts to reduce growth by about 0.6 percentage point.

The drop in government spending cut growth in the January-March quarter by 0.8 percentage point. Three-fourths of that decline came from defense spending.

Already over the past two quarters, the decline in government spending has been the biggest six-month contraction since the Korean War ended in 1953, Capital Economics noted.

Income growth slowed sharply after a big surge in the final three months of 2012. The fourth-quarter gain had reflected a rush to pay dividends and make bonus payments before higher tax rates took effect on Jan. 1. Incomes were also held back in the first three months by the increase in Social Security taxes.

The jump in consumer spending, along with slower income growth, meant that the saving rate fell to 2.6 percent of after-tax income in the first quarter. That was down from 4.7 percent in the fourth quarter.

The first-quarter growth figures will be revised twice more based on more complete data.


20.25 | 0 komentar | Read More

AP hack may prompt Twitter to start two-steppin’

Written By Unknown on Kamis, 25 April 2013 | 20.25

This week's hack of The Associated Press' Twitter account rocked Wall Street and may force execs at the private San Francisco-based social media darling to address online security issues before another major embarrassment occurs.

While no security system is foolproof, experts say Twitter could begin by introducing a two-step authentication process to avoid a repeat of Tuesday's tweet, which claimed that two bombs had exploded at the White House, injuring President Obama.

The tweet sent the stock market tumbling 150 points before the White House reassured the nation that it was a hoax. But it wasn't the first time a news organization's Twitter account had been compromised.

Days before the AP incident, CBS' "60 Minutes" account also was targeted by hackers, another instance that might have been avoided had Twitter implemented the kind of two-step authentication that Google, Microsoft, Facebook and Apple already offer.

In addition to typing in your username and password to get access to your account, those systems typically also require you to enter another piece of information, such as a PIN that's sent to you in a text message.

"I wouldn't necessarily use this method to launch nuclear weapons, but it makes me feel pretty close to perfectly safe," said Chester Wisniewski, senior security advisor at Sophos, a global computer-security firm. "It's a minor inconvenience for peace of mind."

Even a flawless security system, however, doesn't guard against the perils of bad reporting, said David Gerzof Richard, president of BIGfish Communications and professor of social media and marketing at Emerson College.

"If the tweets they're sending out are incorrect," he said, referring to some overanxious reporting in the days following the Marathon bombings, "then a two-step authentication doesn't do much good."


20.25 | 0 komentar | Read More

Cambridge DNA whisperers

Cambridge-based Gen9 has landed another $21 million to keep pushing the limits of synthetic biology, a cutting-edge field where scientists "play God" by creating customized DNA — the building blocks of life — for a variety of different industries.

As part of the deal, Agilent Technologies of Santa Clara, Calif., gained an equity stake in Gen9 and will join its board of directors as the Bay State startup uses the money to increase the scale of its operations and ultimately to make new products, Gen9 CEO Kevin Munnelly said.

"Gen9 was founded to significantly increase the world's capacity to cost-effectively generate high-quality DNA content for use in transforming industries ranging from chemical and enzyme production to agriculture, biofuels, pharmaceuticals and even data storage," Munnelly said. "Agilent's investment is a powerful validation of our proprietary BioFab platform, and we look forward to working closely with them to further innovate around our manufacturing capabilities and build Gen9 into the leading high-throughput supplier to the synthetic biology marketplace."

The investment will also help Gen9, whose early backers include New England Patriots owner The Kraft Group, to increase its 22-person staff by about 50 percent this year, he said.

The company's clients include large chemical, agricultural and pharmaceutical companies that are "starting to realize synthetic biology can reinvent the way they do business," Munnelly said. "You can actually design what you would like these gene products to do. … You can get very inexpensive genetic constructs on a massive scale."

That kind of power is a double-edged sword, which theoretically could be used to create weapons of mass destruction, he admitted.

Because the field is relatively new, Gen9 is left to "do a lot of self-policing," Munnelly said. "We don't supply people who are looking to do those things."

Agilent makes instruments for high-end measurement and testing, including testing of water for contaminants and of fruit for pesticide residue.

"We anticipate an explosion in the use of biological machines," said Neil Cook, vice president and director of Agilent Laboratories, referring to living organisms such as bacteria or yeast, which can be used to produce everything from medicines to car fuel.

"To make molecules at will is going to fundamentally change the way we see chemical synthesis in the future," he said.


20.25 | 0 komentar | Read More

Facebook: Audit finds privacy practices sufficient

NEW YORK — Facebook says that an independent audit found its privacy practices sufficient during a six-month assessment period that was part of a settlement with federal regulators.

Facebook Inc. said it submitted the findings to the Federal Trade Commission on Monday. The audit was required as part of the social networking company's settlement with the FTC last summer. The settlement resolved charges that Facebook exposed information about users without getting the required legal consent.

Facebook provided a copy of its letter to the FTC along with a redacted copy of the auditor's letter, to The Associated Press. Facebook says the redacted portion contains trade secret information and does not alter the auditor's findings. The name of the accounting firm is also redacted.

The audit covered written policies as well as its data.


20.25 | 0 komentar | Read More

Google agrees to change search display in Europe

BRUSSELS — Google has agreed to change how it displays search results in Europe — including a better labeling of its promoted content and displaying links to competitors — to appease concerns it might be abusing its dominant market position, the European Union's antitrust body said Thursday.

Google's search engine, which is the world's most influential gateway to online information and commerce, enjoys a near-monopoly in Europe. The EU Commission, which acts as the 27-nation bloc's antitrust authority, has since 2010 been investigating whether the company is unfairly stifling competition. It pointed out several areas of concern that Google is now trying to address through the proposed concessions.

Google has offered to more clearly label search results stemming from its own services such as Google News, Google Maps or its shopping and flight search functions. That would allow users to distinguish between natural search results and others promoted by Google. It also agreed to display some search results from its competitors and links to their services, the EU Commission said.

The Commission has often taken a harder line with U.S. tech companies than its American counterparts, the Federal Trade Commission and the Justice Department. Google, which is based in Mountain View, California, was able to settle a similar antitrust complaint on its search business with the FTC in January without making any major concessions on how it runs its search engine.

The EU Commission is now proposing a market test of the concessions for a month. That would give competitors the chance to say whether they deem them sufficient.

"The objective of this process is to try to see if we can achieve a settled outcome in this antitrust investigation," said Commission spokesman Antoine Colombani.

A group of 17 companies competing with Google — including tech giants and internet companies such as Microsoft, Nokia Expedia and TripAdvisor — vowed to carefully study the concessions proposed by Google.

"The most important remedy to Google's abuse of dominance is to require the search monopoly (...) to subject its own products and services to the same policy it uses to rank and display all other websites," said the group, collectively called FairSearch.

Once the Commission accepts the concessions — revised or not — they become legally binding for the company for the next five years. If the deal is accepted, Google would avoid a fine and a finding of wrongdoing.

If Google were then to break its commitments, the Commission could impose a fine of up to 10 percent of its annual worldwide revenue — that would be close to a whopping $5 billion in Google's case.

The Commission said Google will "clearly separate promoted links from other web search results by clear graphical features" and "display links to three rival specialized search services close to its own services, in a place that is clearly visible to users."

Google will also give all websites the option to keep their content from being used in Google's specialized search services, "while ensuring that any opt-out does not unduly affect the ranking of those web sites in Google's general web search results," it said.

In addition, the proposed remedies will give newspaper publishers greater control over what appears in Google's news aggregator, Google News. Google is also giving marketers greater ability to buy ads on rival networks — one of several concessions aimed at appeasing fears it is abusing its dominance of the online advertising market.

To normal users in Europe, the changes in the display of search results will only be visible once the Commission accepts the settlement, most likely later this year.

However, Google's algorithm — the unique mathematical formula that ranks its search results — will remain unchanged. That means the company retains the power to decide what search results are displayed most prominently.

The Commission's investigation was initially triggered by complaints from Google's rivals.

One of them, British comparison-shopping site Foundem, said that at first glance the proposed concessions "fall far short" of ensuring a level playing field in the search results market.

"Instead of promising to end its abusive practices, Google's proposal seems to offer a half-hearted attempt to dilute their anti-competitive effects, by labeling Google's own services and throwing in some token links to competitors' services alongside them," the company said. The measures won't "make a dent in Google's ability to hijack the traffic and revenues of its rivals," it added.

Google worked closely with the Commission on the concessions' design until formally submitting them earlier this month.

"We continue to work cooperatively with the European Commission", Google spokesman Al Verney said Thursday.

Google's web search service has a market share of over 90 percent in the EU, a bloc of over 500 million people that makes up the world's largest economy. In the U.S., competitors Bing and Yahoo have a share of about 30 percent of the search market.

Separately, major tech companies led by Microsoft Corp. this month also filed another EU antitrust complaint against Google, alleging the company uses the dominant position of its Android smartphone operating system to illegitimately promote its own array of internet services.

Microsoft, which has been a leading player in the complaints against Google, has had its own protracted run-ins with the EU Commission. The company from Redmond, Washington, has paid 2.2 billion euros in various fines since investigations began in 1998.

___

Follow Juergen Baetz on Twitter at http://www.twitter.com/jbaetz


20.25 | 0 komentar | Read More

Boeing: Cause of 787 battery fires remains mystery

NAIROBI, Kenya — A Boeing engineer said Thursday that the cause of the battery problems that have grounded the company's 787 Dreamliners may never be known.

The engineering leader for the 787, Richard J. Horigan, said the root cause of smoldering batteries experienced by the two different 787s may never be known because the evidence was destroyed by heat.

"When we say a root-cause we want to know exactly what happened, what size particles caused the cell to vent ... and we may never get there because the evidence is destroyed. When these cells vent there's a lot of heat damage on those cells," Horigan said.

Horigan also said that all potential causes of the battery fire have been eliminated with the new redesigned battery system. He said it was not the first incident where a problem that caused a malfunction in an aircraft has not been identified definitively, but a solution covering the problem had been found.

Horigan cited the 1996 crash of TWA 800. The plane crashed after a fuel tank explosion, but the cause was never identified.

After TWA Flight 800 exploded off the coast of Long Island, New York, in 1996 killing all 230 people aboard, investigators ultimately pinned the cause on flammable vapors in one of the Boeing 747's fuel tanks. Investigators were never able to conclusively identify the source of the spark that ignited vapors

Horigan said in the case TWA 800 plane experts came up with a solution that "fully encapsulated and eliminated all possible causes of fuel tank fire."

"So it's not uncommon where you have events like this where you don't get a definitive root-cause but you have sufficient confidence in your design solution to know that whatever the root cause is, you've identified it and addressed it," he said.

Air safety authorities grounded Boeing 787s after incidents with smoldering batteries occurred aboard two different planes in January. The U.S. Federal Aviation Administration has approved Boeing's redesigned battery system, which the company says sharply reduces the risk of fire.

Once the FAA approves the fix on individual planes, airlines can start flying them again. United Airlines, the only U.S. airline with the planes, moved one of its six 787s to a Boeing facility in San Antonio, Texas, on Tuesday so it can get the battery fixed. Neither of the battery incidents involved a United jet.

Boeing said Wednesday that deliveries of the 787 should resume in early May. Most of the 50 planes that have been delivered to airlines will be fixed by the middle of the month.


20.25 | 0 komentar | Read More

Asia stocks up on US company earns, home sales

Written By Unknown on Rabu, 24 April 2013 | 20.25

BANGKOK — An increase in new U.S. home sales and strong corporate earnings across a range of industries lifted investment sentiment in Asia, where most stock markets rose Wednesday.

Luxury handbag maker Coach, Lockheed Martin and DuPont reported results that were better than analysts expected. Netflix, which streams TV shows and movies over the Internet, announced profits that delighted investors. Meanwhile, the U.S. government reported that sales of new homes rose 1.5 percent in March, adding to evidence of a sustained housing recovery.

That offset results of a survey into manufacturing conditions among the 17 European Union countries that use the euro. The monthly purchasing managers' index fell to a 3-month low in April.

"Sentiment was upbeat yesterday as solid US earnings and new home sales data helped equities shrug off disappointing PMI data earlier in the day," Gary Yau at Credit Agricole CIB said in a commentary.

Japan's Nikkei 225 index jumped 1.3 percent to 13,703.62. Hong Kong's Hang Seng rose 1 percent to 22,014.90. South Korea's Kospi rose 0.8 percent to 1,933.83. Australia's S&P/ASX 200 jumped 1.4 percent to 5,087.90.

On Wall Street, corporate earnings propelled all three major indexes higher. The Dow Jones industrial average climbed 1.1 percent, to close at 14,719.46. The S&P 500 index rose 1 percent to 1,578.78. The Nasdaq composite rose 1.1 percent to 3,269.33.

Later Wednesday in the U.S., consumer goods giant Procter & Gamble, drug maker Eli Lilly and Boeing will release earnings. United Parcel Service, Exxon Mobil and Amazon are among the corporations that will do so on Thursday.

Benchmark oil for June delivery was up 20 cents to $89.38 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 1 cent to close at $89.18 a barrel on the Nymex on Tuesday.

In currencies, the euro rose slightly to $1.2993 from $1.2991 late Tuesday in New York. The dollar fell to 99.30 yen from 99.44 yen.


20.25 | 0 komentar | Read More

Online privacy is evolving. Does it matter to you?

WASHINGTON — Online privacy rules are changing. The question now is how much you'll care.

America's tech industry is finalizing voluntary disclosure standards on the sensitive information being sucked from your smartphone like your location, surfing habits and contacts. Senate Democrats are pushing for a clearer opt-out button for all online tracking. And Microsoft is offering a new browser that encourages people to block the technology that enables tracking.

Industry officials say they understand some people want greater control. But they are betting that consumers don't really mind trading some basic information about themselves for free access.

"Consumers are very pragmatic people," Lou Mastria, managing director of the Digital Advertising Alliance, said in an interview this week. "They want free content. They understand there's a value exchange. And they're OK with it."

Mobile applications like Google Maps, Angry Birds and GasBuddy have become popular, inexpensive ways to personalize smartphones or tablets and improve their functionality. Often free or just 99 cents to download, apps can turn a phone into a sophisticated roaming office or game console with interactive maps and 24-7 connectivity.

But like all those websites that offer medical advice or parenting tips, there's a hitch: They want information from you like your birthdate or ZIP code. Developers say data collection is necessary for the software to work as promised and to reward the intellectual creativity behind it.

"There's no free lunch," said Adam Thierer, a senior research fellow at George Mason University's Mercatus Center. "It's essentially a quid pro quo. You'll trade a little bit of information for all that free content and great services."

The online privacy debate has stumped Congress and prompted limited input from the Obama administration, mindful of consumers' concerns but reluctant to crush a growing industry in a difficult economy.

Some lawmakers, mostly Democrats but some libertarian Republicans, say consumers should have the option of not being tracked at all. Sen. Jay Rockefeller, D-W.Va., chairman of the Senate Commerce, Science and Transportation Committee, planned a hearing Wednesday to press his proposal to subject companies to penalties by the Federal Trade Commission if they violate a consumer's "do not track" request.

Industry is pushing back. The Digital Advertising Alliance points to its web-based icon program that links consumers to an opt-out site of participating advertisers. They say some 20 million people have visited their site and only 1 million of those consumers chose to opt out of all ad tracking.

But privacy advocates, backed by the FTC, say the issue goes well beyond targeted advertising, particularly when it comes to a mobile device. Because a smartphone can divulge a person's location, the FTC warned in a recent report that detailed profiles of a person's movements can be collected over time and in surprising ways, revealing a person's habits and patterns and making them vulnerable to stalking or identity theft.

Some researchers also say they suspect retailers are engaging in "price discrimination" — the practice of setting a price based on personal data, such as the average home price in their area or a person's proximity to a competitor.

Marc Rotenberg, executive director of Electronic Privacy Information Center, said most consumers aren't even aware of the extent to which their information is being collected and how it's used. And as with any product on the market, companies should be required to take meaningful steps to make sure people don't get hurt, he said.

"You shouldn't be put at risk if a car is correctly designed when you go on the highway," Rotenberg said. "And that's our view of Internet-based services. People shouldn't have to lose their privacy to use Internet-based services."

FTC Commissioner Julie Brill says the biggest concerns are all the unknowns. The FTC has asked nine data brokers to disclose what information they collect on consumers and how they use it. Brill said she worries that companies might determine a person's eligibility for certain products and services based on information collected online, potentially violating credit reporting and fair lending laws, but without authorities knowing it.

"The industry is moving so quickly and changing so much that we need to make sure that the laws are keeping up with it," Brill said in a recent interview.

So far, the only solution to emerge has been voluntary industry standards. The Commerce Department's National Telecommunications and Information Administration has been coordinating among some 80 industry lobbyists to devise the new disclosure standards for mobile apps that would offer consumers a quick, easy-to-read snapshot of what information is collected and whether it's shared with third parties.

While the final agreement isn't expected until later this spring, the privacy disclosures are expected to look less like a legal manifesto and more like a nutrition label. Just as some snacks are labeled as high in fat or sodium, some mobile apps might have to fess up to being bigger data collectors than others.

In the end, Thierer isn't sure consumers will care that they've been labeled by a marketing company as someone who, for example, likes to play "Angry Birds" and lives in Ohio.

"The problem is that a lot of these cases driving the debate are worst-case scenarios ... but in reality they are still hypothetical," Thierer said.


20.25 | 0 komentar | Read More

Review: Galaxy S4 decent, but filled with gimmicks

NEW YORK — I've seen Android phones get better and more powerful over the years, as Google and phone manufacturers pack devices with more and more features. There comes a time, though, when less is more. I'm afraid we've reached that time.

Samsung's new Galaxy S4 smartphone is an excellent device from a hardware standpoint. Measuring 5 inches diagonally, the screen is slightly larger than that on its predecessor, the Galaxy S III. Yet the S4 is a tad lighter and smaller overall. The S4's display is also much sharper, at 441 pixels per inch compared with 272 on the S III. The S4 has one of the sharpest screens out there.

The Android operating system it runs is excellent, too, and in recent years the Google-made system has become a healthy competitor to Apple's iOS system for iPhones. Like most Android phones, the S4 comes with a suite of useful Google apps, including Gmail, YouTube, Google Maps and the voice assistant Google Now. Because Google lets device makers customize Android to suit their needs, Samsung and others have been adding their own distinguishing features.

And that's the source of the problem. Packed with bags of tricks, phones have become way too complicated for many people to use. In some cases it's because these custom features work only some of the time. In other cases, you're confronted with too many ways to do similar things.

As much as Apple can be criticized for exerting control over what goes on its iPhones, it wins on simplicity. There are no competing agendas — just Apple's.

By contrast, Android has turned into a free-for-all. For instance, the Sprint version of the S4 phone has at least four different ways to watch video — one that comes standard with Android, one added by Sprint and two added by Samsung. Some content works with one but not the others.

And to watch video on one of the Samsung apps, the one called Samsung Hub, you have to navigate through two screens trying to sell you video that I couldn't get to work on the other apps. As much as it adds to the clutter, Samsung would rather you use its service and not the standard Android one. That way, Samsung rather than Google gets revenue from video sales. Samsung Electronics Co. has its own app store, too, to rival Google's own Play store on the same device.

That doesn't mean you shouldn't consider buying the S4.

Another highly praised phone, HTC Corp.'s One, has a lot of clutter as well. The display on the One is slightly smaller than S4's, but it has a higher resolution. The One sounds better, too, with front-facing speakers, while the S4 has a speaker on the back. The One might be the one for you if you watch a lot of video and listen to a lot of music. But the One feels heavier and bulkier, and its battery holds less charge than the S4.

The four national wireless carriers, plus U.S. Cellular, Leap Wireless' Cricket and C Spire, will sell the S4 in the United States. Release dates vary, and some will start this week. Expect to pay $150 to $250 up front with two-year contracts (T-Mobile calls them installment plans as it markets contract-free service).

Despite my complaints with all the add-ons on the S4, a number of them show promise:

— Easy Mode. It's not entirely new, as the S III and the Galaxy Note 2 have it, too. But Samsung makes that option more prominent when people set up the S4 for the first time. Icons in Easy Mode are larger, so you are less likely to hit the wrong one and have to figure out how to go back. You also get fewer choices for customizing the phone and using its camera, so there's less confusion about which to pick. Easy Mode isn't as easy to use as I would have liked, though, because features and settings from the regular mode creep in now and then.

— Multi Window. Again, this feature isn't entirely new, but it's the first time I noticed it. It allows you to run two apps side by side, the way you've long been able to on traditional computers. That means I can keep up with Facebook on the top half of the screen, as I send email from the bottom half about all the dumb things my friends are saying on Facebook. Unfortunately, it works with a limited number of apps. Foursquare and Instagram aren't among them. And I needed an online video tutorial to figure it out.

— Air View. When you point to an email or calendar entry with your finger, you see contents pop up in a bubble. That way, you don't have to open the entry and find the back button to return to what you were doing. Samsung has this feature on the Galaxy Note 2 phone, but that's designed for use with a stylus. On the S4, you simply hover over the entry with your finger. I wish it would work with more apps. For instance, you can use it with Android's generic email app, but you can't on the one made specifically for Gmail.

All of these would benefit from being part of Android rather than an add-on from Samsung. Easy Mode would truly be easy if it were designed from the start that way rather than as something that couldn't fully separate itself from the main Android. More apps would work with Multi Window and Air View if they were standard features, not ones app makers have to adapt for one by one.

And then there are some features that got in the way:

— I mentioned the competing ways to watch video and buy apps.

— Another is Smart Pause, which automatically pauses video when your look away from the screen. The phone's front camera detects your eyes. Smart, but the feature also pauses the video when you cover your eyes, say, to avoid a gory scene in a horror movie. It's as if the phone is forcing you to look. And there are few times my eyes are glued to video. I typically multitask and watch video while doing other things.

— Smart Scroll detects the tilt of your head or the phone to automatically scroll text, such as when you're reading a long article on a Web browser. Smart, but it sometimes scrolls past what I want to read. It's difficult to move the text back without touching the screen, something Smart Scroll is supposed to eliminate. And at times, I have to keep my neck up in an uncomfortable position to stop scrolling.

— With Air Gesture, you wave your hand over a sensor for such tasks as browsing a photo album or scrolling through text. I can see it being useful when you need to answer a call while driving (not that you should), but I had difficulty getting the phone to respond properly with photos and Web pages. It reminds me of automated water faucets that won't let me wash my hands no matter how much motion I make.

Fortunately, the phone comes with many of these features already turned off, and you can turn off others you don't need or want. It took me a while to figure out that the Wi-Fi connection on my phone kept mysteriously turning on by itself because of some feature called Smart Mode. So Smart Mode is now off. Group Play is a feature that lets you share music and photos with other S4 users on the same Wi-Fi network. But I don't know of any S4 users, and it doesn't work with Group Play on the S III. I couldn't uninstall the app, so I buried that in a new folder called Junk.

The S4 has plenty of other features I could dismiss. Some might like the camera's ability to erase a stray individual out of photos or to combine several images of motion into a single shot. But I'm a purist, and I'm not a fan of manipulating images. And the feature for using the phone as a TV remote control? That's what remote controls are for.

I shouldn't have to spend a lot of time customizing the phone to turn off or hide what I don't want. Many people never change the default settings. I've been using the S III as my main phone since July, and I've rarely found a need to reach into its bag of tricks. I simply want a phone that is easy to use.

The S4 can be that, but first you must figure out how to hide all its gimmicks.

___

Anick Jesdanun, deputy technology editor for The Associated Press, can be reached at njesdanun(at)ap.org.

___

Online:

http://www.samsung.com/us/galaxys4


20.25 | 0 komentar | Read More

Toyota top selling automaker despite China fall

TOKYO — Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan.

Toyota Motor Corp. reported Wednesday it sold 2.43 million vehicles during the January-March period, outpacing U.S. automaker General Motors Co. at 2.36 million vehicles and Volkswagen AG of Germany at 2.27 million vehicles.

Toyota's first quarter sales declined 2.2 percent from a year earlier, while those for GM were up 3.6 percent and Volkswagen's jumped 5.1 percent.

GM's quarterly results were within about 69,000 vehicles of Toyota's.

The Japanese maker of the Prius hybrid and Camry sedan reclaimed its crown as world's top automaker last year, after losing it to GM a year earlier, when it was battered by the tsunami and quake disasters in northeastern Japan.

GM had been No. 1 for seven decades before losing that title to Toyota in 2008.

Toyota has been hit by a resurgence of anti-Japanese sentiment in China because of a territorial dispute over tiny islands, and some Chinese are worried about being seen driving a Japanese car. The company says the situation is slowly improving but getting back to solid growth again is likely to take some time.

The end of subsidies for green vehicles in Japan hurt Toyota sales in its home market. Such incentives had previously helped boost sales of its popular hybrid models.

Toyota's quarterly vehicle sales were down 13 percent in China and down 15 percent in Japan, compared to the same period last year.

Toyota is roaring back in North America, where sales rose 7 percent, as well as in many Asian nations, where it is relatively dominant.

Its stumble in China is a sore point as both GM and Volkswagen are gaining ground in that market, the world's largest, where potential for growth remains vast. The Chinese market is also crucial amid languishing sales in Europe, a far less important market for Toyota.

Last year, Toyota sold 9.7 million cars and trucks worldwide to beat GM's 9.29 million and Volkswagen at 9.1 million.

Toyota shrugged off the latest results, echoing its typical past response.

"Rather than pursuing numbers, we try to sell one car at a time, producing good cars. We aren't focused on being No. 1," said company spokeswoman Shino Yamada.

GM said it is aggressively trying to take customers from other automakers by rolling out new vehicles and entering new market segments. "Toyota, Ford, Volkswagen. It doesn't matter whose customers we win. A day doesn't go by that we don't try to increase our sales all over the world," spokesman Jim Cain said.

Michael Dunne, an expert on the auto industry in China and president of Dunne & Co., said that Chinese are still buying quite a number of Japanese cars, but he also warned the competition remained intense.

"They must contend with powerful American, German and Korean competitors. In addition, they must find ways to cooperate with their Chinese joint venture partners, which can be difficult duty when the two countries are at odds over territory," he said.

___

AP Auto Writer Tom Krisher contributed to this report from Detroit. Follow Yuri Kageyama on Twitter at www.twitter.com/yurikageyama


20.25 | 0 komentar | Read More

Ford's first quarter profit up 15 pct to $1.6b

DEARBORN, Mich. — Ford Motor Co. reported a better-than-expected $1.6 billion profit in the first quarter as growing demand in the U.S. and China for its new vehicles helped overcome steep losses in Europe and South America.

Ford said Wednesday that first-quarter net income rose 15 percent from a year ago. Worldwide sales rose 10 percent to nearly 1.5 million.

In North America, Ford saw 25-percent gains for both its redesigned Fusion sedan and Escape SUV as well as strong sales of its F-Series trucks as home construction picks up. In China, demand for the Focus helped sales jump 54 percent in the quarter, or more than three times the industry average.

"It's a very good start to the year for us," Chief Financial Officer Bob Shanks said Wednesday.

Ford beat Wall Street's forecast with earnings of 40 cents per share, up from 35 cents in the first quarter of 2012. Analysts polled by FactSet had forecast earnings of 37 cents per share.

Without one-time charges, including restructuring costs in Europe, Ford would have earned 41 cents.

Revenue rose 10 percent to $35.8 billion, beating Wall Street's forecast of $33.5 billion.

Ford earned $2.4 billion in North America, up from $2.1 billion a year ago. It was a quarterly record for the region. In the U.S., Ford's market share jumped to 16.2 percent from 15.5 percent in the first three months of 2012, the biggest increases for any car manufacturer.

Ford's operating margin fell slightly in North America to 11 percent, from 11.5 percent in the same period a year ago. Shanks said Ford added more workers at its plants to keep up with demand. It also is selling a higher percentage of low-margin cars and small SUVs, compared with higher-profit vehicles like large SUVs, which brings down profits. U.S. buyers paid an average $32,784 for a Ford in the first quarter, or around $1,000 more than the same period a year ago, according to Internet buying site TrueCar.com.

Ford eked out a $6 million profit in its Asia Pacific and Africa region, where it is investing heavily for future growth. The company is currently building five plants in China and two in India. Sales rose 30 percent in the region to 282,000.

Those results helped offset a $462 million loss in Europe, where Ford's sales fell 20 percent during the quarter. Shanks confirmed that Ford expects to lose $2 billion in the region this year as it closes plants and brings new vehicles to the market to try to reverse declining sales.

Ford also lost $218 million in South America, where it has been hurt by currency devaluation in Venezuela. Also, sales of the Fiesta subcompact have dropped as it brings an updated Fiesta to the market.


20.25 | 0 komentar | Read More

Social media editor in court on hacking charges

Written By Unknown on Selasa, 23 April 2013 | 20.25

SACRAMENTO, Calif. — A social media editor who has worked for two of the nation's largest news-gathering organizations is scheduled to appear in federal court Tuesday to face charges that he conspired with hackers to deface the website of the Los Angeles Times.

The attorney for 26-year-old Matthew Keys said he will plead not guilty during the arraignment in Sacramento, his first court appearance since charges were filed last month.

On Monday, Keys said via his Twitter account that he had been fired by his most recent employer, the Reuters news agency. The federal charges stem from an incident that occurred before he was employed by the company.

Keys is charged with giving the hacking group Anonymous the log-in credentials to the computer system of The Tribune Co., which owns the Los Angeles Times, Chicago Tribune, Baltimore Sun and other media properties.

He was fired by a Sacramento television station owned by Tribune two months before the Times' website was hacked.

The charging documents say a hacker identified as "Sharpie" used information Keys supplied in an Internet chat room to access the Times' web system and alter a headline on a December 2010 story. The headline was changed to read "Pressure builds in House to elect CHIPPY 1337," an apparent reference to another hacking group.

Keys, of Secaucus, N.J., said in a Facebook posting last month that he did not provide the log-in information.

He "absolutely, 100 percent ... denies these allegations," said Keys' Ventura-based attorney, Jay Leiderman. He said his client is not talking to reporters.

Prosecutors say Keys encouraged Anonymous members to hack into the Tribune's website and applauded their success.

"Anyone can use any nickname in any chat room at any time," Leiderman said. "If in fact those things were said, they were not said by him."

Keys is charged with two counts that each carry a maximum penalty of 10 years in prison — transmitting and attempting to transmit information with the intent of damaging a protected computer. He faces a third count of conspiring to transmit that information, which carries a maximum sentence of five years.

Legal experts say Keys likely would spend far less time in prison if convicted, especially if he has no prior criminal history.

The indictment fed an ongoing debate over when an online prank becomes an Internet crime and whether the government is going too far in punishing the perpetrator.

The debate was sparked by the suicide in January of Aaron Swartz, a 26-year-old Internet activist who was found dead in his Brooklyn apartment as he awaited trial on allegations that he illegally downloaded millions of academic articles and helped post millions of court documents on the Internet.

Tribune employees spent 333 hours responding to the 2010 hacking that Keys is charged with orchestrating, costing the company of $17,650 in labor costs alone, according to an October 2012 search warrant affidavit filed by the FBI. The FBI searched Keys' three-bedroom, two bathroom apartment looking for computer equipment.

In the affidavit, FBI Special Agent Gabriel Andrews said there is probable cause to believe that Keys broke into the Tribune Media computer system after he was fired in October 2010 by the Tribune-owned FOX affiliate KTXL-TV in Sacramento. He stole an email list of FOX 40's customers, then "offered to sell this list to members of Anonymous," according to the affidavit.

"Keys also used this list to send spurious emails to FOX 40's customers and to disrupt the business operations of FOX 40," the affidavit said.

Leiderman, his attorney, denied the allegations.

The television station told the FBI that Keys also changed the passwords to the station's Twitter and Facebook accounts after he was fired. He deleted 6,000 followers from the station's Twitter account and posted news headlines from the station's competitors during the four days he had unauthorized control of the accounts, according to the affidavit.

Leiderman said that involved "a dispute over ownership" of personal accounts Keys had been using on behalf of the station.

Keys was not charged with any of the alleged incidents involving FOX 40. The station referred requests for comment to Tribune Corp. spokesman Gary Weitman, who declined comment.

Keys was working at Thomson Reuters Corp.'s New York office at the time the charges were announced and was suspended with pay. A company spokesman on Monday would not elaborate on why it no longer employed Keys, but the social media editor said in a Twitter posting that it was not because of the indictment.

Rather, Keys tweeted a copy of a "final written warning" he said he received from Reuters in October, which admonished him for unprofessional behavior after he mocked a Google executive from a fake Twitter account.

Keys said his union, the Newspaper Guild, would file a grievance on his behalf.


20.25 | 0 komentar | Read More

Reddit apologizes for fueling ‘witch hunts’ after Boston blasts

Reddit issued a lengthy apology Monday for its role in fueling a social media "witch hunt" for suspects in last week's Boston bombings.

The social news website became a go-to source for updates on the Boston Marathon bombings. But it also became a place for amateur sleuths to gather and share their conspiracy theories and other ideas on who committed the crimes.

The relentless speculation and do-it-yourself CSI techniques ended up dragging in several innocent people, including Sunil Tripathi, a 22-year-old Brown University student who went missing last month.

After viewing the FBI's grainy photos of the suspects Thursday, some Redditors, as the users are called, became convinced that Tripathi was one of the bombers. Users gleefully pointed out the physical similarities between Tripathi and the second suspect, who ended up being 19-year-old Dzhokhar Tsarnaev.

The growing wave of suspicion surrounding Tripathi led his family to release a statement the next day saying they knew "unequivocally" that he was not involved.

On Monday, Reddit General Manager Erik Martin posted an apology on the site, saying the crisis "showed the best and worst of Reddit's potential."

He said the company, as well as several Reddit users and moderators, had apologized privately to Tripathi's family and wanted "to take this opportunity to apologize publicly for the pain they have had to endure."

"We all need to look at what happened and make sure that in the future we do everything we can to help and not hinder crisis situations," the post said. "Some of the activity on Reddit fueled online witch hunts and dangerous speculation which spiraled into very negative consequences for innocent parties. The Reddit staff and the millions of people on Reddit around the world deeply regret that this happened."

Reddit consists entirely of user-generated content. Redditors can either vote a post up or down. The site's "front page" consists of its most popular posts. Reddit's thousands of threads on every sort of topic, called "subreddits," are moderated by volunteers. Last month, Reddit had nearly 64 million unique visitors from 174 countries who viewed 4.4 billion pages.

The San Francisco company said it enacted a policy a few years ago to not allow personal information on the site, a move designed to protect innocent people from being incorrectly identified and "disrupting or ruining their lives."

"We hoped that the crowdsourced search for new information would not spark exactly this type of witch hunt. We were wrong," Martin said. "The search for the bombers bore less resemblance to the types of vindictive Internet witch hunts our no-personal-information rule was originally written for, but the outcome was no different."

Last week's bombings were the first major terrorist attack on U.S. soil in the age of Facebook, Twitter and Reddit. But the watershed moment for social media quickly spiraled out of control as legions of Web sleuths cast suspicion on the innocent, shared bad tips and heightened the sense of panic and paranoia.

Boston police officials temporarily shut down online feeds of their police scanners and asked overeager Twitter users to limit what they posted on the microblogging site, saying that detailed tweets could compromise officers' positions and safety.

———

©2013 Los Angeles Times. Distributed by MCT Information Services

Visit the Los Angeles Times at www.latimes.com


20.25 | 0 komentar | Read More

TV reporter says he's fired for profanity on air

BISMARCK, N.D. — A weekend news anchorman for a North Dakota television station says he was fired after he opened his first-ever broadcast with obscenities.

A.J. Clemente says on Twitter that KFYR-TV of Bismarck fired him Monday.

The NBC affiliate said in an earlier statement that Clemente was suspended following the Sunday evening broadcast. General manager Dick Heidt says he can't discuss the incident because it's a personnel matter.

The station posted an apology online and co-anchorwoman Van Tieu also apologized during the 10 p.m. newscast.

Video of Clemente's two-word uttering was immediately posted online via social media sites, and the hashtag "Keep AJ" started trending on Twitter in support of the self-described West Virginia University graduate.

Clemente tweeted after the broadcast: "That couldn't have gone any worse!"


20.25 | 0 komentar | Read More

DuPont says first-quarter net income soars

DOVER, Del. — The DuPont Co. said Tuesday that its net income more than doubled in the first quarter on a gain from the sale of its performance coatings unit and strong continuing results in its agricultural unit.

DuPont, based in Wilmington, Del., reported net income of $3.35 billion or $3.58 per share for the quarter ended March 31. That's up from $1.49 billion, or $1.58 per share, a year ago.

Revenue increased 2 percent to $10.4 billion, matching Wall Street expectations, with 4 percent volume growth in North American and Latin America. Sales were flat in the Asia-Pacific region and down slightly in Europe, the Middle East and Africa. Overall, global volume was up 2 percent.

DuPont's results include net income from discontinued operations after taxes of $1.9 billion, compared to $95 million in last year's first quarter. The latest results reflect completion of the company's sale of its performance coatings unit, which produces automotive and industrial paints, for $4.9 billion to The Carlyle Group, a private equity firm.

DuPont also took a one-time pre-tax charge of $35 million to settle claims related to use of its weed killer Imprelis, which has been blamed for damaging evergreen trees.

Excluding one-time items, DuPont reported operating earnings of $1.46 billion, or $1.56 per share, for the quarter compared with $1.5 billion, or $1.64 per share, for the first quarter of last year.

"The first quarter finished as expected, with the strong agriculture performance and performance chemicals' decline from peak levels last year," said DuPont chairwoman and CEO Ellen Kullman.

Its shares rose 32 cents to $50.73 in premarket trading.

DuPont said sales in its agriculture unit increased 14 percent in the first quarter to $4.67 billion, as volume grew 8 percent and prices from new seed and crop protection products increased 6 percent. Operating earnings totaled a record $1.5 billion, up 13 percent.

In contrast, the performance chemicals unit saw sales plunge 17 percent to $1.5 billion, as volumes slid 6 percent and prices dropped 11 percent. Operating earnings were down 56 percent to $251 million. The results reflect substantial price declines in the sluggish market for titanium dioxide, a whitening pigment used in products ranging from toothpaste to paint, and weak demand for fluoropolymers. DuPont said titanium dioxide volume compared to last year's first quarter but increased 8 percent compared to the last quarter of 2012.

DuPont reaffirmed its full-year outlook for operating earnings of $3.85-$4.05 per share, compared to $3.77 per share for 2012.

The company also announced a 5 percent increase in its quarterly cash dividend.


20.25 | 0 komentar | Read More

Limping al-Qaida offshoot rearms with Twitter

Battered by a French-led military campaign in Mali, al-Qaida's North African arm is trying something new to stay relevant: Twitter. The PR campaign by the terror network seeks to tap into social grievances and champion mainstream causes such as unemployment, all in bid to reverse decline and win new followers.

The hearts-and-minds approach echoes an outreach program the group had been trying for years in Mali, where it provided food, services and cash to win over the locals. This new campaign is more ambitious: It aims to allow al-Qaida in the Islamic Maghreb, or AQIM, to move the fight at least partly off the battlefield by appealing to widespread concerns, such as the repression and a sense of injustice that galvanized the Arab Spring revolts.

"This is our only means to communicate with the international public opinion, since we are terrorists according to the dictionary of America and its agents in the region," AQIM's media arm, Al-Andalus Media Foundation, said last week as part of an unusual question-and-answer session on Twitter. The remark came in response to a question about its choice to go virtual, one of dozens from journalists and others.

The al-Qaida affiliate — known for its kidnapping raids in Mali and deadly attacks in its home base in Algeria — has had little trouble finding an audience. In its first two weeks on Twitter, it drew more than 5,000 followers, including some journalists and scholars.

AQIM's Algerian militants used a soft power strategy, including chocolates and even baby clothes, to try to gain acceptance from Malians whose help they needed to establish a foothold in the country's vast north, according to accounts of locals documented in 2011 by The Associated Press. They are now casting a wider net, turning the hearts-and-minds approach to countries across the region.

And as the Syrian conflict monopolizes extremists' attention — and draws jihadists — AQIM's soft power push may be aimed at bringing its patch of northern Africa back into the spotlight.

"We need all the specialties like such as medicine, chemistry, electronics and manufacturing arms and automatic media," it said in answer to a question posted on Twitter, adding that it also needs "other scientific and management skills and, before all that, the students of Shariah (Islamic law) knowledge."

But even before the Twitter account was officially opened March 28, statements from AQIM's media handlers addressed social, not military, concerns.

AQIM emerged in 2006 from a previous movement of radical Algerian insurgents, and spread its extremism around a large area of the Sahara. By last year it reigned over northern Mali along with two other radical groups, meting out brutal punishment to those who refused its strict interpretation of Islamic law. Now, a French-led military intervention that began Jan. 11 has radical leaders and fighters on the run, in hiding or dead.

In Algeria, Mali's northern neighbor, AQIM was behind murderous attacks, including high-profile suicide bombings in 2007 against the U.N. mission and government buildings that left scores dead. It now manages only sporadic, if deadly, attacks.

The group has direct links to jihadist groups in northern and western Africa and to al-Qaida central, notably to Aymen al-Zawahri, who replaced Osama bin Laden as leader and who announced the formation of AQIM in 2006. The group is viewed as an ongoing threat by Western governments and nations around the region. The United States is backing the military intervention by France and a half-dozen African nations with intelligence surveillance. About 100 American troops were deployed in February to Mali's neighbor, Niger, to man a base for unarmed drones to conduct surveillance of AQIM and other jihadists. France says it will keep a long-term, 1,000-strong counterterrorism force in Mali even after the current fighting dies down.

In statements and tweets in Arabic and awkward English, AQIM has lashed out against "Crusader France" and the nation's president, Francois Hollande, who ordered the French intervention in Mali. On its first official day on Twitter, AQIM's media arm issued a statement announcing the death of French hostage Philippe Verdon — not confirmed by France — and warning that others could be killed if the approximately 4,000 French troops in Mali are not withdrawn. AQIM is holding five other French citizens hostage in Mali.

The organization's media arm threatened France numerous times in its sprawling question-and-answer session on Twitter, calling on "all the Muslims to target France and its interests and subjects inside and outside France."

The media arm, in response to a question from The AP, said its new-style communications have "nothing to do with the military situation in Mali." However, AQIM's recent efforts to take up the causes of the people have coincided with its loss of a large number of fighters in Mali, as well as its hold over the country's north.

The propaganda campaign has focused, above all, on AQIM's birthplace, Algeria, where the group is in a long arc of decline and has all but lost its firepower.

Late Sunday, in their latest tweet, AQIM's communicators linked to a statement that made the group sound more like an Algerian opposition party than a terrorist organization. As the country looks to next year's presidential election, AQIM's media handlers denounced the "thieves party" of President Abdelaziz Bouteflika and bemoaned "the lost confidence of those poor people who are suffering."

The media arm also is denouncing lack of free expression and reliable Internet access in Algeria and expressing support with unemployed protesters in oil- and gas-rich southern Algeria. A recent tweet expressed sympathy for the plight of Algeria's municipal guards, armed citizens who once were the eyes and ears of Algerian security forces but are now being disbanded without recompense. The tweet said they will be spared pursuit by AQIM if they lay down their weapons.

"This is a direct consequence of the Arab Spring," Jean-Paul Rouiller, director of the Geneva Center for Training and Analysis of Terrorism, said of AQIM's communications campaign. "They are less violent in what they write, more social, trying to be more connected to the problems that people might face, and specifically in Algeria."

The Arab Spring, the popular revolts that started in Tunisia in 2010 and ousted autocrats around the Arab world, skipped Algeria. There, citizens mainly have sought calm after a long spiral of violence that killed an estimated 200,000 and peaked in the 1990s.

With neighboring Tunisia and Libya restive after their Arab Spring rebellions, AQIM appears to think "that there are actions that they can trigger to push the situation a bit further," Rouiller said. The organization "wants to be part of a second wave."

The al-Qaida offshoot is older than other affiliates but is playing social media catch-up with its more media-savvy terror counterparts. Al-Shabaab in Somalia, for instance, is among designated terror groups using Twitter, although the outfit is not an al-Qaida offshoot. Syrian's Jabhat al-Nusra, or Nusra Front, which pledged allegiance to al-Qaida earlier this month, has been using Twitter during the two-year civil war; it is attracting hundreds of North African jihadist fighters, particularly from Tunisia, where a moderate Islamist government is trying to contain a burgeoning movement of ultraconservative Muslims known as Salafis.

"All the focus is on Syria, and the Mali conflict is sort of in the backwater of international attention," said Magnus Ranstorp of the Swedish National Defense College. "In some strange way, it's almost competition ... You have these two theaters that are live and hot and active and need recruits."

Addressing that situation, AQIM's media arm made an unusual admission in its first statement to followers since the French operation in Mali, admitting it was "in direst need" of help from jihadists in the "lands of disbelief" to support its operations in Mali and Algeria.

Rouillier and others said they doubted Twitter would become AQIM's main recruiting tool. But the fact the account was attracting followers indicated it was filling a vacuum.

"We're not speaking here of Rihanna," Rouillier said recently. The number of followers "tells a lot about the impact. There's something going on here."

___

Follow Ganley on Twitter at: http://twitter.com/Elaine_Ganley


20.25 | 0 komentar | Read More

Co. offers low-cost MBA advisers

Written By Unknown on Senin, 22 April 2013 | 20.25

Three Harvard Business School students have turned a class project into a startup that hires out MBA students to small businesses as low-cost consultants.

More than four dozen companies have chosen from among the 500 students and recent graduates that HourlyNerd.com has enlisted from around the country since its founding in February.

"It's a pretty good deal both for MBAs and for businesses," said Rob Biederman, a 26-year-old first-year HBS student who co-founded the company with Peter Maglathlin and Pat Petitti. "For MBAs, it's a way to make money and an attractive thing to have on your resume, and for small businesses, it can be a great leveler; it means access to high-quality labor but in a flexible and low-cost way."

Businesses post their needs on Hourly Nerd, and MBAs and masters candidates place a bid by uploading their resume and writing a pitch of up to 200 words, including how long the project should take and how much they would like to be paid.

Businesses review the bids and choose one, based on experience, cost and timeliness, and Hourly Nerd holds onto the money until the project is completed.

The MBAs typically charge from $25 to $50 an hour, and Hourly Nerd charges businesses 10 percent and students 5 percent.

Selena Cuffe's wine-importing company, Los Angeles-based Heritage Link Brands, has grown by 2,100 percent since she and her husband founded it in 2005. But before she adds to her staff of seven, she wants advice about whether she and her husband should pay for it out of their personal finances, take out a loan or seek investors.

Cuffe solicited bids on Hourly Nerd and chose Kyle Harder, a second-year MBA student at the University of Michigan's Stephen M. Ross School of Business who had previous experience in the wine industry and offered to complete the project by mid-May for no more than $160.

"It's a good deal for both sides," said Harder, 29. "I have extra time, and this is a chance to apply what I've learned in the classroom to a real-world problem."

For Cuffe, the value of what Harder offered at the price was too good to refuse.

"Hourly Nerd is a brilliant concept that hopefully will give small businesses like mine a boost and enable them to create jobs," she said. "That's something our country desperately needs right now."


20.25 | 0 komentar | Read More

Reddit postings on bombing ‘suspects’ shameful

Last week we saw social media at its worst: arrogant, reckless and even racist.

Dozens of users on the social news forum Reddit resolved to launch their own public investigation into the Boston Marathon bombings by analyzing reams of publicly available photos of the attack sites. It's called crowdsourcing, and it was a dismal failure.

The bizarre mess of finger-pointing was largely confined to a subreddit, or forum, titled Find Boston Bombers.

Created by a 23-year-old British man who never set foot on the marathon route, the forum soon spun out of control.

All the "suspects" were innocent bystanders.

They had their faces enlarged, circled in red and were given glib nicknames. There was "blue robe guy" and "green hat man" and "roof man." Users singled out people in photos for holding their backpacks too tightly or looking too serious. False suspects were pointed to because of their race. And some, for all we know, were among the more than 170 victims of the blasts.

It's as if the tragic whirlwind of events in the last week unfolded in two universes.

In one, cops acted methodically, sifting through evidence and hunting down suspected terrorists in some of the finest police work we've seen. In another, self-proclaimed cyber sleuths wasted their time and ours by accusing people with a scant amount of evidence.

The low point for Reddit's gumshoes came in the wee hours of Friday's manhunt, when a member claimed to have heard compelling chatter on a police scanner. But the information was wrong and cruel: that missing Brown University student Sunil Tripathi, 22 — who hasn't been seen since March — was a suspect in the bombings. Worse still: Some media outlets ran with this despicable smear.

Moderation on Reddit is infrequent.

Usually that's OK because the stakes aren't this high. But this past week the stakes couldn't have been higher, especially for Boston.

This chaotic digital search could have easily spawned vigilantes who were thirsty for justice.

And what if being falsely fingered as a suspect sent someone over the edge?

Imagine witnessing unspeakable violence, only to have your photos being circulated as the perpetrator.

Reddit was lucky it didn't incite further suffering. It's lucky Bostonians are smarter than that.

So let's quit while we're ahead. No more crowdsourced "investigations."


20.25 | 0 komentar | Read More

A mission to manage

The founder of Future Chefs can focus on her nonprofit's mission of training city youth for jobs in the food industry because she has enlisted the help of one of the country's top nonprofit innovation centers to take care of the business end.

"If I had to take time away from fulfilling our mission to get up to speed on how to manage the business end of this, I would have failed," said Toni Elka, founder and executive director of Future Chefs.

Boston's Third Sector New England manages Future Chefs' budget, does its payroll, negotiates its leases, does its yearly audit and helps with hiring and diversity issues. The group even extends a tax-exempt umbrella for Future Chefs and other early stage nonprofits.

"Third Sector is a trusted partner with a great track record that provides stability and helps us grow," said Elka, who started the organization herself using Boston school kitchens, but now has six full-time employees and a new teaching kitchen in the South End. The organization has placed 85 students in restaurant jobs including 16 at Aramark at Fenway.

The "Third" in Third Sector stands for the nonprofit world, or the third pillar after government and business.

The nonprofit sector is certainly no slouch in the Bay State, where one of seven workers or some 455,900 employees is employed at a tax-exempt entity, according to a recent report by the Boston Foundation. Massachusetts nonprofits generate $234 billion in revenue annually.

And Third Sector, founded in 1959, has been at the forefront of promoting social justice and helping nonprofits working for change to grow and add workers to fulfill their missions.

"Traditionally, working in the nonprofit sector has not been seen as worthy as toiling in the corporate sector," said Jonathan Spack, Third Sector's executive director. "Nonprofits do pay less than corporations, but there's an opportunity to effect change. What we try to do here and advise our clients is to make it a respectable and desirable career path for young people with good benefits and pay that can support a family. So it's not just something people do for a year or two, but stay on as a career."

Third Sector's mantra is that well-managed organizations are key to attracting and maintaining talented people looking to make a difference in the world. It doesn't just preach good management, but practices it by doing the administrative work for 41 nonprofits, in addition to Future Chefs.

Third Sector also helps its nonprofit clients find new chief executives and create leadership paths for talented employees. And Spack says that 91 percent of the nonprofit executives that the organization has placed in the past five years are still in those positions today.

Another important part of the organization is its grant-making Inclusion Initiative that helps nonprofit clients hire a more diverse workforce that's reflective of the communities they serve.

After 22 years of giving grants to 102 organizations, Third Sector has changed gears and is now directing funds not to individual nonprofits, but to networks that include businesses and faith-based organizations.

"Networks seem to be a more effective way to make change faster," said Ayeesha Lane, program manager for Third Sector's Inclusion Initiative. "Diversity can sometimes just be about numbers. But just because you hire minorities, it doesn't mean they will stay. What we do with our nonprofit clients is to help them develop inclusion in the workplace. That means making people feel they can bring their whole selves to work, and that their perspectives and cultural insights are seen as valuable."

Third Sector doesn't just give money, Lane added. It provides ongoing support and advice even to nonprofits that received grants years ago.

Third Sector owns an eight-story building on South Street that it bought in 2003 and, in addition to its staff, its floors house dozens of other organizations that fit its mission for social change. Those nonprofits provide job training and tutoring, pursue economic development and justice in poor communities, or focus on disability rights and sustainability issues, such as urban gardening and green practices in restaurants.

The basement of the building has a large, shared office area, where smaller nonprofits pay a reduced rent for incubator-like work space.

Third Sector supports itself from rent and by charging for its services, but not just any nonprofit qualifies. Third Sector takes a percentage of its clients' budgets to pay the employees that handle those nonprofits' business matters. Most clients are in Boston, but some are in other parts of the country.

Third Sector doesn't kick nonprofits out of the shared space as a for-profit incubator space might.

Some groups, such as the Chefs Collaborative, a nonprofit that supports sustainable practices in restaurants, have been there for five years. The SAMFund, a group that supports young adult survivors of cancer, is a longtime tenant, as is Tutors for All, which hires some 300-350 college students every year for paid federal work-study positions as tutors for Boston school students.

Organizations can choose to stay under Third Sector's 501(c)3 tax-exempt umbrella or strike out on their own.

But Future Chefs' Elka said Third Sector works for her because it is as passionate about managing nonprofits as her group is about helping students get excited about, and find work in the food industry.

"Boston is a place known for its tech innovation, but our nonprofits are also some of the most innovative in the country," Elka said. "What Third Sector does for nonprofit management is a perfect match for us and is a great model for the rest of the country."


20.25 | 0 komentar | Read More

Survey: Firms still reluctant to make acquisitions

LONDON — Companies around the world are still reluctant to go on the acquisition trail even though they are becoming are more confident about the global economy, a survey found Monday.

In its half-yearly assessment of the intentions of big companies, accounting and consultancy firm Ernst & Young said the growing optimism has yet to be translated into more investment or corporate deal-making. The survey was based on responses from 1,600 senior executives in 50 countries, 85 percent of which had annual revenues of more than $500 million.

Ernst & Young found that 51 percent of the executives questioned think the global economy is improving — more than double the level recorded last October. Under normal circumstances, that would normally translate into companies feeling more confident to splash out on mergers and acquisitions. But the survey only found that 29 percent of companies expect to do a deal in the coming year.

When asked how they would expand the business if they had enough cash, 45 percent said they would sooner invest in-house than buy up another organization.

"The current situation can best be described as a 'confidence paradox'," said Pip McCrostie, global head of transactions at the firm. "In the past few years, global M&A volumes have de-coupled from historical indicators .... Executives are continuing to wait for a sustained recovery before engaging in M&A."

Despite the occasional big deal, such as the merger of commodities trading group Glencore International PLC and mining company Xstrata PLC and the $25.5 billion bid for Sprint Nextel Corp. by satellite TV company Dish Network Corp., the amount and value of corporate deals are still down on the levels that existed before the start of the financial crisis in 2007-2008.

The crisis paved the way for the deepest global recession since World War II, that saw bankruptcies rise and turned many executives risk-averse — pushing them to reduce their debt levels and increase the amount of cash they held.

The recovery since the start of the crisis has been patchy with many regions, including much of Europe and Japan, still struggling to show any economic growth.

Even so, there are some bright spots, according to the Ernst & Young survey. In Brazil, for example, the firm found that 45 percent of executives there plan to make a deal over the coming year. That compares with 29 percent in the U.S., 27 percent in the U.K. and 12 percent in Russia.

The survey found that China remains the number one investment destination, followed by India and Brazil. The U.S., the world's largest economy, is also in the top five along with Canada.

Among sectors, the survey found that technology, automotive, life sciences, consumer products and oil and gas, remain the most likely to see deal activity, with sectors such as mining and utilities bringing up the rear.


20.25 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger