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Venture group taps Jack Hart to push non-compete pact ban

Written By Unknown on Jumat, 30 Mei 2014 | 20.25

The New England Venture Capital Association has hired a former state senator as a lobbyist as it ramps up its effort to ban non-compete agreements and lawmakers take up Gov. Deval Patrick's proposal to eliminate the practice in Massachusetts.

Former Sen. Jack Hart has been working for about a month to guide the NEVCA through the legislative process, and has secured meetings with key lawmakers, said C.A. Webb, the association's executive director.

"He's helped open many doors," Webb said.

Yesterday, Webb and dozens of others testified before the Joint Committee for Economic Development and Emerging Technologies. Senate chairman Gale Candaras (D-Wilbraham) said their version of the bill will "certainly" include a change to the law governing non-compete agreements, although she was unsure what that would be.

There will be "some sort of modification if not elimination," she said. "I am very concerned about the impact on our economy."

Bijan Sabet, a venture capitalist with Spark Capital who has made early investments in companies including Twitter and Tumblr, told the committee that eliminating non-compete agreements is crucial for Boston's tech future.

"Every company has a connective tissue with companies before it. We've cut this off," he said.

But the Greater Boston Chamber of Commerce and Associated Industries of Massachusetts spoke in support of the agreements.

"We know from members that non-competes are used in a wide range of industries," said Jim Klocke, Chamber executive vice president. "If we were to ban them, we would put those industries at a competitive disadvantage."


20.25 | 0 komentar | Read More

Radian tries to make its mark in luxury market

Designed to resemble a boutique hotel and with condo-level finishes, the just-opened 240-unit Radian luxury complex is hoping to draw the city's well-heeled renters.

The 26-story, $130 million project developed by Forest City Enterprises and the Swampscott-based Hudson Group North America sits along the Greenway at the nexus of Chinatown, the Leather District and the Financial District.

And while it doesn't have a pool like the nearby Kensington or sports courts like The Arlington or The Victor, or even an outdoor roof deck, it's trying to differentiate itself in other ways.

"We don't have some of the bells and whistles other buildings do, but we do have two things that stand out — our location is better and our service is higher quality," said property manager Michael Cheek of Forest City Enterprises.

If you have your groceries delivered, the Radian staff will take them up to your unit and put the perishables away. When you come in from work, there are refresher towels waiting in the lobby and there are steam towels in the gym when you finish a workout.

Have visitors coming to stay? They can rent an apartment for $150-$200 a night and can use the building's amenities.

But all the high-end service comes at a price. The 563-square-foot studios rent for $2,960 to $3,555. One-bedroom apartments, ranging from 617 square feet to 911 square feet, cost $3,400 to $5,100. Two bedrooms, from 1,049 to 1,163 square feet, run from $4,160 to $6,235 a month. And that does not include utilities (everything's electric) or garage parking, which is $400 a month and up.

Only 13 of the 240 units have been rented so far, Cheek said. To spur leasing, Radian is offering concessions — a free month's rent for those signing 12-month leases, and letting tenants lock in rent with two-year leases.

"We think there's a lot of young professionals who have good jobs downtown who want to reward themselves by having a nice place to live," said Cheek.

The fifth floor has a fitness center and yoga studio, as well as a residents lounge overlooking the city. There's also a private conference room to conduct business.

The units have contemporary two-tone kitchen finishes and lots of natural light from oversized windows. Living area floors are "Plyboo," a mixture of plywood and bamboo. The bathrooms have porcelain tile floors, white quartz sinks and tiled walk-in showers. And every unit has a Bosch washer and dryer.

Cheek said the most popular floor plan so far has been the rear "bullnose" apartments that feature living/dining areas with curving glass walls of windows with great downtown views. We looked at a 911-square-foot one bedroom plus study "flex" unit on the 17th floor with an asking rent of about $4,400. It also features a kitchen with Silestone countertops and Whirlpool stainless-steel appliances.

The 4,500-square-foot ground-floor retail space will be leased by four-time James Beard nominee chef Matt Jennings for a restaurant called Townsman, which will open Oct. 1.

"The people who will live here have busy lives, and we want to make living here as easy, stress-free and convenient as possible," Cheek said.


20.25 | 0 komentar | Read More

Gap filled in downtown

Gap Inc. is seeking workers for a new Gap Outlet that will open in Downtown Crossing — the latest evidence of a looming revival for the Boston shopping district.

The Gap is in talks to open the outlet on Washington Street, across from the Millennium Tower site, in the space previously occupied by the F.Y.E music and video store.

Downtown Crossing has seen heightened interest from retailers and investors in the wake of Millennium Partners starting work on the $630 million Millennium Tower and Filene's building redevelopment — particularly since it announced Arnold Worldwide will relocate its advertising headquarters there in September, and a 30,000-square-foot Roche Bros. supermarket and four-floor Primark store will open in 2015.

"There's clearly more interest," said Ron Druker, a major Downtown Crossing property owner with buildings on Winter, Washington and Bromfield streets, including the Corner Mall. "We get inquiries from brokers and from tenants as to whether or not we have space. We get interest from national and international (companies). It has picked up."

And retail lease prices will only go one way, Druker said — up.

The F.Y.E store closed in January 2012. Next door, the building that once housed a Barnes & Noble has been vacant since the bookseller moved out in the summer of 2006.

"In general, I think there's more activity than we've seen in recent years," said Robert Posner of Commonwealth Holding LP, which owns the former Barnes & Noble space at 395 Washington St.

Since 2010, 35 Downtown Crossing properties have changed hands. In the past year and a half alone, 17 buildings have sold, according to the Downtown Boston Business Improvement District.

"The real estate market is hot, and I think it means people are looking at the district and seeing that it has great value and great potential," BID president Rosemarie Sansone said.

As for retail interest, "there's a lot of movement," according to Sansone. "We see many more people showing spaces every day than we ever have before," she said.

San Francisco-based Gap Inc. did not respond to Herald inquiries.

"The Gap is a well-known brand, and that's exciting," Sansone said. "They have a loyal following."


20.25 | 0 komentar | Read More

Panel sees nothing odd on casino vote

The state Gaming Commission yesterday brushed off concerns that Chairman Stephen P. Crosby's decision to recuse himself from discussions over the Boston area's sole casino license could result in a tie vote.

"We're not the first board to have an even number of members (without Crosby)," said Commissioner James F. McHugh. "It's inconceivable to me that we won't reach a decision."

Because of ties to an owner of the Everett land that's the site of Wynn Resorts' proposed casino and his attendance at an opening day party at Suffolk Downs, where Mohegan Sun wants to build, Crosby recused himself earlier this month, leaving the commission with only four members to vote on the Boston-area license.

Yesterday, the commission's general counsel, Catherine Blue, suggested those members discuss ground rules for deliberations and consider what questions they might have for staff and what additional information they might want from the applicants.

The commissioners may even say they have a preference, but still come to a consensus, McHugh said. If they don't, he said, they have the option of telling Wynn and Mohegan Sun to come back with their "best and final offer" to improve their applications.

Although host community hearings are scheduled for June 24 in Revere and June 25 in Everett, a vote on the Boston-area license is not expected until Aug. 29, unless the city goes to arbitration over how much money it's entitled to from Wynn and Mohegan Sun as a surrounding community. In that case, the license may not be awarded until Sept. 12.

A spokeswoman for Mayor Martin J. Walsh yesterday said he met this week with both casino developers, hoping to cut mitigation deals that would preempt a June 16 deadline, after which an arbitrator will decide what Boston deserves. However, she would not provide details of the discussions.

The full commission, including Crosby, expects to award the state's first casino license as early as June 13 in Western Massachusetts, where MGM has proposed an $800 million development in Springfield.

By July, the state's highest court is expected to rule on whether to allow a referendum to repeal the state's 2011 casino law on the November ballot. If the court does allow it, the commission "would have to cross that bridge," said spokeswoman Elaine Driscoll. "But at this point, our licensing process is proceeding."


20.25 | 0 komentar | Read More

How Google got states to legalize driverless cars

MOUNTAIN VIEW, Calif. — About four years ago, the Google team trying to develop cars driven by computers — not people — became convinced that sooner than later, the technology would be ready for the masses. There was one big problem: Driverless cars were almost certainly illegal.

And yet this week, Google said it wants to give Californians access to a small fleet of prototypes it will make without a steering wheel or pedals.

The plan is possible because, by this time next year, driverless cars will be legal in the tech giant's home state.

And for that, Google can thank Google, and an unorthodox lobbying campaign to shape the road rules of the future in car-obsessed California — and maybe even the rest of the nation — that began with a game-changing conversation in Las Vegas.

The campaign was based on a principle that businesses rarely embrace: ask for regulation.

The journey to a law in California began in January 2011 at the Consumer Electronics Show in Las Vegas, where Nevada legislator-turned-lobbyist David Goldwater began chatting up Anthony Levandowski, one of the self-driving car project's leaders. When talk drifted to the legal hurdles, Goldwater suggested that rather than entering California's potentially bruising political process, Google should start small.

Here, in neighboring Nevada, he said, where the Legislature famously has an impulse to regulate lightly.

It made sense to Google, which hired Goldwater.

"The good thing about laws is if they don't exist and you want one — or if they exist and you don't like them — you can change them," Levandowski told students at the University of California, Berkeley in December. "And so in Nevada, we did our first bill."

Up to that point, Google had quietly sent early versions of the car, with a "safety driver" behind the wheel, more than 100,000 miles in California. Eventually, government would catch up, just as stop signs began appearing well after cars rolled onto America's roads a century ago.

If the trigger to act was a bad accident, lawmakers could set the technology back years.

Feeling some urgency, Google bet it could legalize a technology that though still experimental had the potential to save thousands of lives and generate millions in profits.

The cars were their own best salesmen. Nevada's governor and other key policy makers emerged enthusiastic after test rides. The bill passed quickly enough that potential opponents — primarily automakers — were unable to influence its outcome.

Next, Nevada's Department of Motor Vehicles had to write rules implementing the law.

At the DMV, Google had an enthusiastic supporter in Bruce Breslow, then the agency's leader.

Breslow had been fascinated by driverless cars since seeing an exhibit at the 1964 New York World's Fair. Seeing a career-defining opportunity, Breslow shelved other projects and shifted money so he wouldn't have to ask for the $200,000 needed to research and write the rules.

At first, DMV staff panicked — they only had several months to write unprecedented rules on a technology they didn't know. But Google knew the technology, and was eager to help.

"Very few people deeply understand" driverless car technology, said Chris Urmson, the self-driving car pioneer lured from academia who now leads Google's project. Offering policymakers information "to make informed decisions ... is really important to us."

The task fell primarily to David Estrada, at the time the legal director for Google X, the secretive part of the tech giant that houses ambitious, cutting-edge projects. Estrada would trek from San Francisco to Nevada's capital, Carson City, for meetings hosted by DMV staff.

Breslow credited Estrada with making suggestions that made the regulations far shorter, and less onerous, than they would have been. "We quickly jumped in ... to help figure out what the regulation should look like," recalled Estrada.

While others attended the meetings, Google seemed to have a special seat at the table.

Bryant Walker Smith, who teaches the law of self-driving cars as a fellow at Stanford University, described one rule-drafting session where Google — not the DMV — responded to suggestions from auto industry representatives.

"It wasn't always clear who was leading," Smith said. It seemed to him that both Google and the DMV felt ownership of the rules.

By the end of 2011, Nevada welcomed the testing of driverless cars on its roads. Google, however, was focused on its home state, where its Priuses and Lexuses outfitted with radar, cameras and a spinning tower of laser sensors were a regular feature on freeways.

In many ways, Google replicated its Nevada playbook: Frame the debate. Wow potential allies with joy rides. Argue that driverless cars would make roads safer and create jobs.

In January 2012, Google met with state Sen. Alex Padilla, a Massachusetts Institute of Technology engineering graduate. Padilla was intrigued, and agreed to push a bill. Padilla said Nevada's law helped him sell colleagues on the need to act.

"California is home to two things. Number one is the hotbed of innovation and technology. And second, we love our cars. So it only made even more sense to say, 'OK we need to catch up and try and lead the nation,'" Padilla said.

Nevada's swift action, he said, "sent the signal to a lot of colleagues that, 'No, this is not one we want to overthink and study for five years before we take action.'" After all, who in California government wanted a flagship company moving jobs out of the state.

In March 2012, Padilla rode in the driver's seat of a Google car with Levandowski riding shotgun to the news conference announcing his legislation.

In the months that followed, various groups tried to shape Padilla's bill.

One was the Alliance of Automobile Manufacturers, which objected that automakers would be liable for the failure of Google technology strapped onto one of their cars. Trial lawyers, a powerful constituency in the state, successfully lobbied to keep automakers on the hook.

Some inside the Capitol concluded that Padilla was most attuned to Google.

One thing that troubled Howard Posner, then the staffer on the Assembly Transportation Committee responsible for analyzing the bill and suggesting improvements, was that Padilla's legislation would let cars operate without a human present.

Posner argued that lawmakers shouldn't authorize this last step until the technology could handle it. The response, he said, was that Padilla didn't want to do that — "which in my mind meant Google was not willing to do that."

Padilla said that while Google's high profile helped the bill succeed, his office made the decisions. "We're always going to have the final say," he said.

In September 2012, Gov. Jerry Brown went to Google's headquarters and signed Padilla's bill.

Now, California's motor vehicles officials face an end-of-year deadline to write regulations that will allow driverless cars to go from testing to use by the public in June 2015.

At a DMV hearing in March, two Google representatives sat next to DMV staff at the head tables. Their message: Now that self-driving cars were legal, the state should not regulate them too strictly.

___

Follow Justin Pritchard at https://twitter.com/lalanewsman


20.25 | 0 komentar | Read More

Nestle to pay $1.4 billion for skin treatments

Written By Unknown on Rabu, 28 Mei 2014 | 20.25

FRANKFURT, Germany — Nestle says it is paying $1.4 billion in cash for the rights to sell lip and wrinkle treatment Restylane and other skin products in the U.S. and Canada.

The Swiss company said Wednesday it is is acquiring commercialization rights from Canada's Valeant Pharmaceuticals International.

The products are Restylane, which can be used to make lips fuller and smooth out wrinkles, as well as Perlane, Emervel, Dysport and Sculptra, used to reduce wrinkles or address other issues in different areas of the face.

Nestle already had the rights to the products outside the U.S. and Canada.

Vevey-based Nestle is in the process of expanding its skin business by taking full control of Galderma, its 50-50 joint venture with L'Oreal. That deal is awaiting final regulatory clearance.


20.25 | 0 komentar | Read More

Google: We're building car with no steering wheel

LOS ANGELES — Google will build a car without a steering wheel.

It doesn't need one because it drives itself.

The two-seater won't be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will be on public roads. Though not driving very quickly — the top speed would be 25 mph.

The cars are a natural next step for Google, which already has driven hundreds of thousands of miles in California with Lexus SUVs and Toyota Priuses outfitted with a combination of sensors and computers.

Those cars have Google-employed "safety drivers" behind the wheel in case of emergency. The new cars would eliminate the driver from the task of driving.

No steering wheel, no brake and gas pedals. Instead, buttons for go and stop.

"It reminded me of catching a chairlift by yourself, a bit of solitude I found really enjoyable," Sergey Brin, co-founder of Google, told a Southern California tech conference Tuesday evening of his first ride, according to a transcript.

The electric-powered car is compact and bubble-shaped — something that might move people around a corporate campus or congested downtown.

Google is unlikely to go deeply into auto manufacturing. In unveiling the prototype, the company emphasized partnering with other firms.

The biggest obstacle could be the law.

Test versions will have a wheel and pedals, because they must under California regulations.

Google hopes to build the 100 prototypes late this year or early next and use them in a to-be-determined "pilot program," spokeswoman Courtney Hohne said. Meanwhile, by the end of this year, California's Department of Motor Vehicles must write regulations for the "operational" use of truly driverless cars.

The DMV had thought that reality was several years away, so it would have time to perfect the rules.

That clock just sped up, said the head of the DMV's driverless car program, Bernard Soriano.

"Because of what is potentially out there soon, we need to make sure that the regulations are in place that would keep the public safe but would not impede progress," Soriano said.

___

Contact Justin Pritchard at https://twitter.com/lalanewsman.


20.25 | 0 komentar | Read More

Google: We're building car with no steering wheel

LOS ANGELES — Google will build a car without a steering wheel.

It doesn't need one because it drives itself.

The two-seater won't be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will be on public roads. Though not driving very quickly — the top speed would be 25 mph.

The cars are a natural next step for Google, which already has driven hundreds of thousands of miles in California with Lexus SUVs and Toyota Priuses outfitted with a combination of sensors and computers.

Those cars have Google-employed "safety drivers" behind the wheel in case of emergency. The new cars would eliminate the driver from the task of driving.

No steering wheel, no brake and gas pedals. Instead, buttons for go and stop.

"It reminded me of catching a chairlift by yourself, a bit of solitude I found really enjoyable," Sergey Brin, co-founder of Google, told a Southern California tech conference Tuesday evening of his first ride, according to a transcript.

The electric-powered car is compact and bubble-shaped — something that might move people around a corporate campus or congested downtown.

Google is unlikely to go deeply into auto manufacturing. In unveiling the prototype, the company emphasized partnering with other firms.

The biggest obstacle could be the law.

Test versions will have a wheel and pedals, because they must under California regulations.

Google hopes to build the 100 prototypes late this year or early next and use them in a to-be-determined "pilot program," spokeswoman Courtney Hohne said. Meanwhile, by the end of this year, California's Department of Motor Vehicles must write regulations for the "operational" use of truly driverless cars.

The DMV had thought that reality was several years away, so it would have time to perfect the rules.

That clock just sped up, said the head of the DMV's driverless car program, Bernard Soriano.

"Because of what is potentially out there soon, we need to make sure that the regulations are in place that would keep the public safe but would not impede progress," Soriano said.

___

Contact Justin Pritchard at https://twitter.com/lalanewsman.


20.25 | 0 komentar | Read More

Same-sex kisses have arrived in mainstream news media

Sometimes, a kiss is just a kiss.

And sometimes, it's a sign of swift and sweeping cultural and political change.

Over the past days, weeks, and perhaps not even years, same-sex kisses have started to arrive in mainstream news media.

"We're now seeing this stuff completely across the board," said Bob Thompson, director of the Bleier Center for Television & Popular Culture at Syracuse University. "This has been evolving for a long time."

Just five years ago, CBS's "The Early Show" blurred a kiss from Adam Lambert and his boyfriend during a musical performance on the "American Music Awards," deeming it "a subject of great current controversy."

The year before, Katy Perry titillated much of the country by merely singing that she kissed a girl — and she liked it.

How times have changed.

Last week, following the opening of the Allegheny County Marriage License Bureau to same-sex couples, the Pittsburgh Post-Gazette website featured a photo of two women kissing.

That same night ABC aired a gay wedding of characters Mitchell and Cam on its hit show "Modern Family," sealed with a kiss afterwards.

And earlier this month, ESPN showed Michael Sam giving his boyfriend a celebratory kiss after he became the first openly gay football player to be drafted. The sports network actually aired its first gay kiss — a celebratory smooch between a gay professional bowler and his husband — last year.

To some extent, same-sex kisses have been prevalent in the media for some time.

There were same-sex couples on shows as far back as "Dynasty" and "Thirtysomething," said Thompson, with a then-controversial same-sex kiss on a 1994 episode of "Roseanne."

For a period of time in the 1990s, he said, same-sex kisses appeared with some regularity on network television, becoming almost trendy. "The same-sex kiss became one of those things that gave credibility to a show — that is was serious, cutting edge," he said, referring to television programs such as "Ally McBeal" and "Dawson's Creek."

Still, there has been a much more recent change in media showing same-sex kisses from real people, rather than fictional ones.

In some cases, those pictures have still been accompanied by controversy.

Both the Denver Post and the Fayetteville Observer newspapers ran editor's notes of explanation to readers who criticized front-page photos of gay kisses — in Colorado, from the state House speaker and his partner after passage of a civil unions bills and in North Carolina after the first gay military wedding at Fort Bragg.

As long as the images aren't meant to shock, but are a reflection of the news of the day, those are the images that the media should be using, said Al Tompkins, a senior faculty member at the Poynter Institute in St. Petersburg, Fla.

"If they got married on the first day the law allowed and they didn't kiss, it would be news," he joked. "If they stood there, they got married and they kissed each other, our job is to tell what happened."

The Post-Gazette received few, if any, complaints after using an image of a same-sex kiss online Wednesday.

Given that same-sex couples have been present on mainstream network television for decades, Thompson noted that it's actually taken quite a while for same-sex kisses to regularly appear in news media.

"By the time stuff made it to network television back in the network era, it meant that the controversy was kind of over," he said. "This is taking some time but it's happening — there's no question about it."

———

©2014 Pittsburgh Post-Gazette

Visit the Pittsburgh Post-Gazette at www.post-gazette.com

Distributed by MCT Information Services


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Thai Facebook users get censorship scare

BANGKOK — Thailand's new military rulers said that a sudden interruption of access to Facebook on Wednesday was not part of a censorship policy, but due instead to a technical hitch.

The afternoon blockage did not affect all users but drew a flurry of attention online. It lasted for at least an hour and came just a day after the new military government announced an Internet crackdown. The junta has banned dissemination of information that could cause unrest, effectively banning criticism of last week's coup.

A statement from the junta, called the National Council for Peace and Order, declared that "there is no policy to suspend or close down Facebook."

It said an inspection found that there was a "technical error" at the telecommunications gateway that connects Internet service providers to international circuits, and it had ordered the problem fixed.

Deputy army spokesman Col. Winthai Suvaree later came on television to offer the same explanation and announce that the problem had been corrected. All television stations must broadcast official announcements from the junta, which seized power May 22 in what it said was a bid to end more than six months of sometimes violent political disorder. Newspapers and TV and radio stations are exercising self-censorship.

On Tuesday, the government's Ministry of Information and Communication Technology told the Thai press that a new national gateway was being planned to filter the Internet more effectively, and that social media was being monitored closely for violations of the new censorship rules.

Thanit Prapatanan, director of the ministry's Office of Technology Communications Crime Prevention and Suppression, said Wednesday that his office has shut down at least 330 websites since the junta's censorship orders came out, but he denied shutting down Facebook in Thailand.

"We're blocking access to webpages that could incite chaos, instigate violence or division or pose a threat to national security. We are looking at the individual pages. For example, on Facebook, we only look for such posts, not looking to shut down Facebook in Thailand as a whole. But if there are any pages that violate the order, we will definitely block it."

Before the interruption, a junta spokesman also said services such as Facebook would not be targeted for shutdown, but individuals would be investigated.

"People put hate speech in social media and create confusion and division in society," Col. Weerachon Sukhondhapatipak said at a news conference.

Even under elected leadership, Thailand has exercised unusual control over the Internet, blocking thousands of web pages containing pornography or material deemed insulting to the nation's royal family. Criticism of the monarchy — online or elsewhere — is a crime punishable up to 15 years in jail.

Several years ago, the government reached an agreement with YouTube that allowed it to block selected pages to viewers in Thailand. The government and the army also maintain teams of watchers to monitor web boards and other sites for inappropriate content.

___

AP writer Thanyarat Doksone contributed to this report.


20.25 | 0 komentar | Read More

India's oldest car factory shelves elite sedan

Written By Unknown on Senin, 26 Mei 2014 | 20.25

NEW DELHI — India's oldest car factory has abruptly suspended production of the hulking Ambassador sedan that has a nearly seven-decade history as the car of the Indian elite.

It was unclear how long manufacturing will be on hold, but Kolkata-based Hindustan Motors said Monday it hopes to resume making the so-called "Amby" after a period of restructuring and clearing of its debts.

The heavy car's large size and poor gas mileage have driven customers to cheaper competitors from abroad. About 80 percent of cars sold in India today are small cars that can maneuver in crowded cities and that cater to a rising middle class eager for wheels without costs.

The company began making the Ambassador in 1948, modeling it after the British Morris Oxford III. Last year only 2,214 of the vehicles were sold, reflecting a steep decline from production levels in the 1980s around 24,000 vehicles a year.

Also known as the grand old lady of India's pot-holed and pitted roads, the Ambassador has remained largely unchanged for more than five decades in ferrying the elite including prime ministers and high-society celebrities. It recalls an era when India's policy of economic self-sufficiency meant domestically produced cars were the norm.

Its bulbous chassis and bouncy back seats delight tourists and other passengers nostalgic for earlier times, while many in rural India still view white Ambassadors as the de-facto vehicle of officialdom.

Though most Ambassador sales go to taxi services and government departments, "there has been a reduction in demand for the Ambassador," the company said.

"Sturdiness is its hallmark," the company said. "The robust build, it was always seen as a positive point for customers who wanted durability and safety."

Hindustan Motors, which as of September had accumulated losses greater than its assets, said the company's Uttarpara plant, just outside Kolkata in the eastern state of West Bengal, was suffering from problems including very low productivity, growing indiscipline, a critical shortage of funds and lack of demand for the Ambassador.

It announced the indefinite production suspension, including a halt in the payment of salaries to nearly 2,500 employees, in a notice pasted on the factory gates Saturday night.

Hindustan Motors said it plans to reopen the Uttarpara factory after settling debts and restructuring. The plant also makes a 1-ton mini-truck called the Winner as well as car parts.

"If they want to maintain the vehicle, if they want the brand to survive, they will have to think through some changes in pricing, fuel efficiency," said auto analyst Abdul Majeed at PriceWaterhouseCoopers in India. "The middle class, those folks don't worry about comfort and luxury at this point in time. They are only looking at necessity."

Hindustan Motors has been unsuccessful in a long search for new investors. Earlier this year it transferred another car plant based in the south-coast city of Chennai to its financial arm, Hindustan Motor Finance Corporation Ltd. That plant produces Mitsubishi and Isuzu brand vehicles for the Japanese companies.

Shares of Hindustan Motors sank 10 percent Monday.


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These cars great for ‘staycations’

The family-vacation-turned-disaster is a meme that has spawned countless horror stories, from "National Lampoon's Vacation" trips to Walley World to several sorry sequels to Baby being put in a corner to Mitt Romney's dog.

What happened to this idyllic American rite of summer?

Well … we got busy. Busy with a career, a family. With life.

But the urge to jump into the Wagon Queen Family Truckster and hit the highway remains. Since we're all pinched for time, we typically truncate our summer vacations these days. The most likely choices are "day trips" — consisting of an overnight visit, or at most, a weekend away — or so-called "staycations," where we don't venture very far from home.

No time? No worries. Automotive Editor Mark Takahashi of Edmunds.com says there are good vehicular choices for whatever summer fun one has in mind.

Boston's career-minded dual income, no kids' population has the wherewithal, but not the time to get on a plane and get away for multiple days. These people need a vehicle that suits a life in the fast lane — even if only for a short time.

Audi A4

Audis are popular sellers here, and the attractive, drivable and fuel-efficient A4 tops the list. It has a luxurious feel and a smaller footprint ideal for city living. Buyers find this versatile car great for daily driving, but also ideal for quickie road trips. (Starting MSRP: $33,800)

Porsche 911

Of course, if you're really looking for style and panache, turn to what Takahashi calls "the classic sports car." Its iconic shape still turns heads, and maintains its legendary perform attributes. Unapologetically built for two, this car is the pick for a night out on the town. (MSRP: $84,300)

Tesla Model S

A game changer. A car Takahashi calls "sleek, sophisticated and utterly futuristic," the all-electric Tesla Model S redefines the green car. The P85 model ($93,400) provides up to 265 miles of travel on a single charge, along with jaw-dropping acceleration. People fearful of electric vehicles worry that they'll get stranded without a recharging station nearby. Chargepoint.com shows well more than 1,000 stations scattered throughout New England. (MSRP: $69,900)

Another major draw for New England travelers, said Mary Maguire, the director of public and government affairs for AAA Southern New England, is, "We have so many terrific vacation spots in close proximity. They're an easy drive and an easy proposition financially, because you can get there and back on a half a tank of gas. It makes the idea of day trip or weekend more appealing."

And then there's the "staycation" — one of the most affordable vacation options available. People take time off, but don't stand still. For family outings, perhaps a trip to Fenway, a Little League tournament, or a trek to an amusement park, consider these conveyances:

Honda Accord Hybrid

"This is one of the rare cases where we prefer a hybrid adaptation over its gasoline-only origins," said Takahashi. "It drives just like a traditional Accord, but returns astounding fuel economy figures of 47 mpg in combined driving. AAA pegs gas prices this weekend at an average of $3.65 per gallon in Massachusetts, and those prices typically spike in summer, so 47 mpg equals a win. (MSRP: $29,155)

Lexus GS 350

Another fine choice for tooling about town is the Lexus GS 350. It has the luxury and comfort of its German competitors while keeping a couple thousand in your bank account — money you can spend on having fun. "It's capable, comfortable, and inside it showcases quality and cutting-edge technology," Takahashi said. (MSRP: $47,700)


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Pilgrim protesters to gather at Sagamore Bridge

BOURNE — Protesters are planning to gather near the Sagamore Bridge on Memorial Day to highlight concerns about the safety of the Pilgrim nuclear power plant in Plymouth.

The protesters called the current emergency plan in the event of an accident at the power plant unacceptable for those on the Cape.

The protest comes two months after Gov. Deval Patrick wrote the Nuclear Regulatory Commission expressing concerns about the plant. Patrick said he was writing on behalf of 15 southeastern Massachusetts communities.

Patrick said he shares their concerns because of what he called the lack of a "viable evacuation route" off of Cape Cod.

The NRC relicensed Pilgrim through 2032. The plant's operators say it's safe and secure.

Patrick said the NRC should require the plant be decommissioned if it can't comply with safety regulations.


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Newspaper’s ‘Innovation Report’ is underwhelming, unrealistic

As a chorus of sycophants throws its collective back out to deem the leaked New York Times' Innovation Report a seminal work of genius, allow me to tell you why the 96-page document needs to be shelved like every other blue-ribbon commission production in history.

(It's only fitting that we do this as a Buzzfeed listicle, since the report made so much of trying to turn the Grey Lady into a cross between Upworthy and Flipboard.)

Top five reasons The New York Times cannot be serious about the Innovation Report, even if it was the work of a team led by publisher Arthur "Punch" Sulzberger's son:

5) It suggests having journalists take the time to build and repackage an archive of their own work. Have these people ever been in a newsroom? Although the idea of unearthing archives and reusing them in new and different ways isn't entirely laughable, the notion that reporters themselves should spend time on this is.

4) The authors fail to correctly define industry "disruptors" — the innovators who supplant the old with the new, like Buzzfeed and Huffington Post. According to the report, one of the "hallmarks of disruptive innovators" is that the new product is "initially inferior to existing products." Like Uber was initially inferior to taxicab dispatchers? Or how Amazon paled in comparison to Borders? How bizarre … and false.

3) The report suggests that more personalization will draw readers, even suggesting that when a reader walks by a restaurant recently given a positive review by the Times, their phone should tell them. Memo to the authors: There's this new website called Yelp, and it's … well … never mind.

2) The entire report is about growing the Times' digital audience, but there's no talk of figuring out a way to make money from that audience. True, home page visits have plunged by half in two years. (That whole having a paywall thing, perhaps?) But even before the traffic downturn, talk of layoffs and financial peril persisted. The fact is that digital advertising and subscription models alike are inherently flawed — even with a large audience. Which brings me to the final item of this listicle:

1) There are nearly no new ideas, because the report was generated from interviews with folks who are already doing the stuff they're suggesting. Repackaging and re-purposing content, promotion via social media, connecting with audiences and envisioning the digital newsroom of the future are all themes within this puzzling document.

It's like a bunch of people got together to envision 2010 from 2005. And the resources to implement all these supposed innovations will be at the expense of real journalism.


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Regulations mulled for bitcoin

State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.

"We will be trying to come up with a model law or regulations states can use," said David Cotney, commissioner of the Massachusetts Division of Banks and chairman of the Emerging Payments Task Force. "This has gotten a lot of attention, and we want to make sure when we act, we get it right."

The task force is made up of nine state regulators from around the country, and will look at everything from bitcoin to mobile payments.

Last week though, the task force held a hearing on bitcoin and other virtual currencies, hearing testimony from bitcoin companies and regulators, include Barbara Anthony, undersecretary of the Massachusetts Office of Consumer Affairs and Business Regulation.

Anthony said one of the key issues is that average consumers may be interested in bitcoin, but are not aware of some of the risks.

"Consumers and average consumers need to know that there are certain drawbacks to trading in a virtual currency," Anthony said. "The kinds of consumer protections that we're used to, people have to understand they are not available to virtual currencies."

Things consumers should be aware of about bitcoin, Anthony said, include volatile worth and the fact there is no central authority that guarantees bitcoin's worth.

"You could buy $100 worth of bitcoin right now and over a period of time that value is not going to be $100," Anthony said.

Cotney said he is not planning on implementing any regulations on bitcoin immediately, but could down the road.

"We will certainly be looking at the efforts of this task force to help guide us," Cotney said.

Kyle Powers, co-founder of Liberty Teller, a company that makes bitcoin ATMs, said proper regulation will help carve out a place for the currency.

"Updated and streamlined regulations would help us grow our small business and would help Massachusetts maintain its leadership role in bitcoin," Powers said. "Bitcoin's biggest hurdle is educational, not technical. We work tirelessly everyday to increase access to and awareness of bitcoin, so we are on the same team when it comes to educating consumers."

Bitcoin had a busy week in the Boston area. Liberty Teller became one of the finalists for startup accelerator MassChallenge. And Circle Internet Financial, also based in Boston, announced its product, which aims to make bitcoin more accessible to consumers.


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New FHA rules making condos no-lending zones

Written By Unknown on Minggu, 25 Mei 2014 | 20.25

WASHINGTON — For young first-time buyers, people with modest down payment cash, or seniors who want to tap their equity using a reverse mortgage, it's a growing problem: They cannot use Federal Housing Administration financing in condominiums.

It's not that these buyers and unit owners can't qualify on credit and income grounds for a loan personally — they often can. Instead, it's because the entire condominium development is ineligible. As the result of policy changes at the federal level and decisions by condominium boards of directors, thousands of communities have essentially become prohibited lending zones for FHA in the past several years.

The agency has banned so-called "spot" loans and will only insure mortgages on units in condo projects that have passed a certification process that examines budgets, reserves, insurance coverage, percentage of renters compared with owners in the development and delinquencies on payment of condo fees.

FHA says that its revised procedures weed out fiscally weak, poorly managed developments and reduce taxpayer exposure to future losses. Condominium boards, on the other hand, argue that some of FHA's evaluation criteria are too strict and that the certification process is bureaucratic and costs them money they'd prefer not to spend.

Since toughening its financing rules and requiring certification of entire projects four years ago, the number of condo developments approved for FHA financing has plunged by more than half. As of mid-month, it stood at just 10,020 communities, according to an FHA spokesman. Industry sources estimate the total number of condo projects nationwide is around 144,000.

FHA financing is important because of the special niches it fills. Among the three major federal lending intermediaries — Fannie Mae and Freddie Mac are the other two — FHA is the most flexible on credit issues. It is also lenient on debt ratios and allows down payments as small as 3.5 percent.

As a result, FHA for decades has been the go-to mortgage option for moderate-income purchasers and has been a key resource for African-American and Latino buyers, many of whom have made their first purchase in a condominium development.

FHA also plays an outsized role in the reverse mortgage market for seniors 62 and older. Its insured reverse mortgage product accounts for more than 90 percent of all borrowing in that field, allowing seniors to extract needed cash from their home equity to support their retirement expenses.

But with the sharp decline in FHA-approved condominium projects, many buyers and unit owners are finding themselves financially frozen out. Equally troubling, unit owners who want to sell find the pool of potential buyers reduced — along with the market value of their property — because FHA mortgages are banned.

Seth Task of Berkshire Hathaway HomeServices Professional Realty in Solon, Ohio, said a condo unit client his firm represented recently was forced to sell for $10,000 below what she had been offered by a buyer who was pre-qualified for an FHA loan — a loss solely attributable to the condominium's non-certified status. Situations like this are becoming more frequent, housing industry experts say, and the lack of FHA financing eligibility for entry-level-priced condo units is partially responsible for the decline in first-time buyer participation in the real estate market.

But now a movement is getting underway to reverse this shrinkage. At this month's spring legislative conference of the National Association of Realtors here in Washington, California brokers and agents unveiled a campaign to convince condo boards to re-think their objections to FHA certification — for their unit owners' sakes.

The primary focus, said Mike DeLeon, president of the Orange County Association of Realtors, which debuted an educational video at the Washington conference, is to show reluctant condo boards of directors "the positive benefits" of certifying with FHA. The video stresses "keeping condo unit values at their highest" by widening the pool of potential purchasers; helping existing unit owners tap their equities for retirement; and the relatively low risk of default presented by today's FHA buyers.

For most condo developments the message is this: Give some thought to the issue. FHA certification has its complications and costs, but it could be more than worth the effort for your current residents and future business.


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Startup lets clean water flow

When you are tackling one of the biggest problems on the planet, you need as many people on your side as possible.

That is the strategy Drinkwell, a Cambridge-based startup, is using to help provide clean water to the Third World.

"You really want to work with locals and have local ownership of the problem," said Minhaj Chowdhury, CEO and co-founder of Drinkwell.

Drinkwell, which has developed a cheap, reusable system of removing toxins such as arsenic, fluoride and iron, partners with people in third-world villages to treat and sell clean water to their neighbors.

"What you really want to do is create a true opportunity for the community to maintain the system and, while you're at it, create some kind of economic opportunity," Chowdhury said. "What we wanted to do is come up with a solution that actually lasts. It's really life and death for a lot of these folks."

Nearly 800 million people do not have access to clean water, and as many as 8 million people a year die from water related illnesses, according to the United Nations.

Drinkwell's model is designed to create a permanent solution. Many programs that have tried to bring clean water to the Third World have fizzled when funding waned. Drinkwell will not have this issue, Chowdhury said, because towns and villages will rely on local employees instead of an international group.

Drinkwell's water purifying system fits over existing wells, making a liter of clean water available for half a penny.

The system cleans water using ion-exchange technology, stripping toxins from the water using reusable resin beads, to provide enough water for 600 households. It produces 99 liters of clean water for every 100 liters of water put in, much more than established methods.

Drinkwell systems are connected to Twitter, so they can be monitored remotely. Because many people have basic access to cellphones and Twitter in the countries Drinkwell is serving, information about the levels of toxins in certain systems and even how long the line is for clean water can be shared in real-time.

Announced as a MassChallenge finalist last week, Drinkwell currently has 200 systems in place in India, Laos, Nepal and Cambodia through various partnerships, but is hoping to put its own model in place soon.


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Chips still on web gambling

Online gaming proponents are vowing to push ahead despite a leading casino industry lobbying group's withdrawal of support for expanded Internet gambling, which has proved to be a divisive issue among Las Vegas gaming titans.

State Treasurer and gubernatorial candidate Steven Grossman said the reversal by the American Gaming Association does not chill his interest in exploring online gaming to boost the state Lottery.

"They can have their squabbles out there all they want," Grossman said. "We'll continue to move forward … to study this issue and how it can potentially affect us, one way or another. Any smart business of any kind, public or private, would study that. You have to change to survive and flourish."

The AGA announced this past week it would no longer push to expand online gaming into new states, an issue that has pitted opponents such as Sands chief Sheldon Adelson and Wynn Resorts head Steve Wynn against supporters such as MGM and Caesars Entertainment.

Grossman said the near $5 billion state Lottery still wants to explore if online gaming can help preserve its market share, so long as credit cards can't be used to play and if it doesn't increase gambling addiction or hurt Lottery retailers.

"I hear the differences of opinion out there," Grossman said. "We're not going to get dragged one way or another into that debate. We'll simply study and be very careful with any approach to online gaming that doesn't protect the people of this commonwealth appropriately."

A bill is pending in the Legisla-

ture that would clear the path for the Lottery to experiment with online gaming.

Adam Krejcik, managing director at Eilers Research, which tracks online gambling, said the AGA's move dampened the prospects for new states jumping into the arena, particularly in the wake of poor returns in New Jersey.

"I think a state would much rather have the AGA support … someone needs to be leading the charge," Krejcik said. "It's hard to put a positive spin on it."

Krejcik said online gaming revenue this year in New Jersey, where casinos run gambling sites, "will come in below the most conservative estimates out there," about $140 million. Projections were as high as $1.2 billion, he said.

The state Gaming Commission — whose chairman, Stephen Crosby, called a forum in March to discuss online gambling, saying "the time is now" to discuss legalizing it — said the AGA decision does not change its posture.

"The AGA's decision to withdraw from discussions regarding online gaming reinforces the commission's position on this topic," the commission said in a statement. "The commission believes that a slow and deliberate approach to this issue is the most responsible way to move forward given the significant varying opinions on this matter."


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Starting 2012 Chrysler van gives driver a jolting jump

Recently I purchased a 2012 Chrysler Town & Country SXT V6 van with 39,000 miles. It is a one-owner vehicle with no Carfax issues. When starting out anytime, the accelerator pedal moves about an inch down before the vehicle responds from idle. When it does it jumps forward rather than a smooth reaction. This makes me let up on the pedal and then it jumps again when I reapply the throttle. This may be an inherent characteristic. I can describe the issue like this: If it is idling at 800 rpm at a stop, it jumps to 2500 rpm to get going, then adjusts to the pedal position. I called the dealership and they want to do a diagnostic and test drive for more than $100.

You are correct that some of the transmission's characteristics may be inherent. The software that controls the transmission is programmed to maximize fuel economy by tailoring shifts to specific driving conditions. The "ECO" button, for example, will cause the transmission to shift directly from first to third gear, softening acceleration to improve fuel economy.

Chrysler has issued two software updates that address shift quality from the 6-speed automatic transmission in this vehicle. One of these is called the "enhanced pedal" update which, according to the bulletin, "will make the vehicle more responsive with less pedal input and take less effort to maintain a constant cruising speed."

You didn't mention where you purchased the vehicle, but it's worth asking the dealer if your vehicle is affected by the bulletin, and if the update was done at no cost to the original owner. If not, even though the vehicle is just a few thousand miles out of warranty, this may be covered as a goodwill adjustment.

I have a 2007 Ford Focus with a trunk release issue. When I push the trunk release button on the dash and when I push the trunk release button on the remote, it sounds like a loud machine gun firing and always causes heads to turn in the parking lot. This occurs about 90 percent of the time. Usually the trunk does release, but occasionally it doesn't work and I have to repeat the process or unlock it with the key. Also, the dash light appears, indicating that the trunk isn't locked after I close it even though usually it is locked.

The most likely cause is a poor electrical connection or ground in the trunk release solenoid circuit. Ford issued service bulletin #10-5-9 in March 2010 outlining a diagnostic procedure for the trunk release. The bulletin deals with an inoperative solenoid and identifies the possibility of a poor connection between the trunk release harness connector and the solenoid. Even though your symptom is a bit different, this is the place to start.

I have a 2005 Mercury Mariner that I purchased new. The vehicle is in showroom condition with 47,000 miles on it. Here's the issue. The tachometer on the left has a little window that displays information such as direction, door open, oil change needed, etc. This has dulled to the point of being barely visible. The dealer states that the whole section of the dash must be replaced at a cost of around $700. Is there not a less expensive way? I like everything to be just right!

The dashboard on your vehicle is back-lit with a number of small light bulbs. The individual bulbs are replaceable by removing the dashboard to gain access. The real question is whether the "dulled" display is due to a burned-out bulb or failed module supplying the info to the display. If you can read the specific information displayed, even when dulled, I suspect the lamp behind it is burned out.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at: Star Tribune, 425 Portland Ave. S., Minneapolis, Minn., 55488 or via email at paulbrand@startribune.com. Please explain the problem in detail and include a daytime phone number.


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Private hospitals could take some pressure off VA

WASHINGTON — The Obama administration's decision to allow more veterans to get care at private hospitals could take some pressure off backlogged Veterans Affairs facilities struggling to cope with new patients from the wars on terrorism as well as old soldiers from prior conflicts.

Agreeing to recommendations from lawmakers, the administration said Saturday it will allow more veterans to obtain treatment at private hospitals and clinics in an effort to improve care.

Veterans Affairs Secretary Eric Shinseki also said VA facilities are enhancing capacity of their clinics so veterans can get care sooner. In cases where officials cannot expand capacity at VA centers, the Department of Veterans Affairs is "increasing the care we acquire in the community through non-VA care," Shinseki said.

Lawmakers from both parties have pressed for this policy change as the VA confronts allegations about treatment delays and falsified records at VA centers nationwide.

The department's inspector general says 26 VA facilities are under investigation, including the Phoenix VA hospital, where a former clinic director says as many as 40 veterans may have died while awaiting treatment.

Officials also are investigating claims that VA employees have falsified appointment records to cover up delays in care. An initial review of 17 people who died while awaiting appointments in Phoenix found that none of their deaths appeared to have been caused by delays in treatment.

The allegations have raised fresh concerns about the administration's management of a department that has been struggling to keep up with the influx of veterans returning home from the wars in Iraq and Afghanistan, and Vietnam veterans needing more care as they age.

The directive announced Saturday should make it easier for veterans to get medical care at non-VA facilities, according to an agency spokeswoman.

The VA spent about $4.8 billion last year on medical care at non-VA hospitals and clinics, spokeswoman Victoria Dillon said. That amounts to about 10 percent of health care costs for the Veterans Health Administration, the agency's health care arm.

It was not clear how much the new initiative would cost, Dillon said.

Rep. Jeff Miller, R-Fla, chairman of the House Veterans' Affairs Committee, welcomed Shinseki's announcement, but questioned why it took so long. Reports about the veterans at the Phoenix hospital surfaced more than a month ago.

Sen. John McCain, R-Ariz., has called for the VA to allow more veterans to receive medical care at private hospitals. House Minority Leader Nancy Pelosi, D-Calif., said this past week that she was open to the idea of medical care at private hospitals.

___

Follow Matthew Daly: https://twitter.com/MatthewDalyWDC


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