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US consumer spending edges up 0.1 percent in February

Written By Unknown on Senin, 30 Maret 2015 | 20.25

WASHINGTON — U.S. consumers spent just slightly more in February even though their income rose by a healthy amount. But economists hope bigger paychecks will give spending a bigger boost in the coming months.

Consumer spending edged up a tiny 0.1 percent following declines of 0.2 percent in both January and December, the Commerce Department reported Monday. The result reflected a 0.4 percent increase in nondurable goods such as food and energy coupled with a 0.1 percent fall in durable goods such as automobiles.

Income grew a solid 0.4 percent in February, matching January's rise. With income growing faster than spending, the saving rate jumped to 5.8 percent of after-tax income — the highest level since December 2012.

Economists said the rise in the saving rate reflects in part the big drop in recent months in gas prices, which acts like a tax cut that leaves more money in consumers' pockets. Falling gas prices and continued employment growth set the stage for stronger consumer spending in the months ahead as the weather improves.

"Households are still flush with the money saved from the big drop-off in gasoline prices and, with the labor market still on fire, incomes should continue to increase at a solid pace," said Paul Ashworth, chief U.S. economist at Capital Economics. "That provides the scope for a big gain in consumption in the second quarter."

Severe winter weather kept shoppers away from the malls and auto showrooms in both January and February.

An earlier report showed retail sales fell in February for a third straight month as Americans cut back on car buying by the most in more than a year. Sales also fell at restaurants, home improvement centers and electronics and appliance stores. Harsh winter weather in much of the country was blamed for the decline.

The weather-related weakness is expected to dampen overall economic growth during the January-March quarter, with many economists forecasting growth to slow to around 1.5 percent during the quarter. But analysts are also optimistic for a rebound in coming quarters to growth of 3 percent or better.

If the economy does hit 3 percent growth this year, it would be the fastest pace for the economy in a decade.

Robust employment gains of the past year should continue this year, and the stronger job market will likely lead to rising household incomes and more consumer spending.

Federal Reserve Chair Janet Yellen said Friday an increase in the Fed's key interest rate could come later this year. Any rate hikes, however, will likely be very gradual.

Many economists believe that with inflation still running below the Fed's target of 2 percent, the Fed will be cautious in raising rates and hold off on the first rate hike until September. The Fed's target for short-term rates has been at a record low near zero since December 2008.

The new report on consumer spending, which accounts for 70 percent of economic activity, showed that an inflation gauge tied to consumer spending patterns rose 0.2 percent in February after three months of declines. Excluding food and energy, this inflation gauge was up 0.1 percent in February and has risen just 1.4 percent over the past 12 months, well below the Fed's 2 percent target.


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PlayStation gets Spotify, replacing Sony's own music service

NEW YORK — Spotify is coming to the PlayStation, replacing Sony's own Music Unlimited service, as the company continues to expand the game console into an entertainment hub beyond video games.

Spotify hits the PlayStation 3 and 4 on Monday, with a new app adapted for large television screens. Sony says partnering with Spotify expands its music service to 41 countries, rather than the 19 available with Music Unlimited, and offers better tools for playlists and music discovery.

PlayStation users have long been able to watch DVDs and stream Netflix, Amazon and YouTube shows with the console. Just two weeks ago, Sony launched an online television service, PlayStation Vue, offering more than 50 over-the-air and cable channels starting at $50 a month.

Spotify has 60 million active users worldwide, including 15 million paid subscribers. Its music app is available on some Internet-connected TVs and set-top boxes, but Spotify says it worked closely with Sony to optimize its service for the PlayStation. Notable features include: the ability to listen to music while playing a game and still listening to sound effects, or automatically pausing the game while changing volume or playlists.

The service is free with ads, or costs $10 a month for a premium ad-free version that offers offline playback. Although free users aren't allowed to choose specific songs on mobile devices, they will be able to on the PlayStation, just as they now do on traditional computers.

Customers who do not already have a Spotify account can sign up on the PlayStation. Existing Spotify customers will get access to the PlayStation app with their usual sign-in. Music Unlimited subscribers won't be automatically switched over; those that subscribe on other devices such as Sony phones, will need to get the Spotify app.


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Lincoln Continental, the car of presidents, is returning

DEARBORN, Mich. — Elvis Presley had one; so did Clark Gable. It was even the sedan of presidents. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia.

Now, the Lincoln Continental is back.

Thirteen years after the last Continental rolled off the assembly line, Ford Motor Co. is resurrecting its storied nameplate. The new Continental debuts in concept form at this week's New York auto show. The production version of the full-size sedan goes on sale next year.

After more than a decade of toying with alphabetical names like LS and MKS to be more like its foreign rivals, Ford's 98-year-old Lincoln brand is embracing its heritage. It's a measure of the growing confidence at Lincoln, which is finally turning around a decades-long sales decline. And it's a nod to the importance of China, where customers know the Continental name and appreciate brands with a rich history.

Ford CEO Mark Fields says the Continental always represented the best of Lincoln. Resurrecting it sets higher expectations, both within the company and outside of it.

"When we get a chance to work on an iconic nameplate like that, it's a mixture of pride and a mixture of fear, because when you put that name out there, it's got to deliver," Fields told The Associated Press in a recent interview.

The Continental was born in 1938, when Henry Ford's son Edsel commissioned a convertible he could use on his spring vacation. Thrilled by the reception he got as he drove the elegant sedan around Palm Beach, Edsel made the Continental part of Lincoln's lineup.

The Continental soon became the pinnacle of American luxury. Warner Brothers gave Elizabeth Taylor a 1956 Continental with a custom paint color to match her eyes. A darker historical note: John F. Kennedy was riding in the back of a 1961 Continental convertible when he was assassinated in Dallas.

Continental sales peaked in 1990 at 62,732. But after that, Lincoln's sales began slipping.

Ford had acquired other luxury brands such as Jaguar and Volvo. Lincoln's designs got dull and failed to stand out from lower-priced Fords. The Continental was also squeezed by competition from the midsize Lincoln LS, which debuted in 2000, and the bigger Town Car.

Ford also underestimated the threat posed by German rivals, who were expanding their lineups, and newer Japanese luxury brands. By 2000, Lexus was the top-selling luxury brand in the U.S.; last year, BMW was.

To make its way back, Lincoln isn't trying isn't trying to be sporty like BMW or showy like Cadillac. Instead, Fields says, it wants to give drivers an experience that is elegant and serene.

"We want folks to get into our vehicles and — for lack of a better term — chill," Fields said.

It appears to be working. Lincoln's U.S. sales rose 16 percent last year, making it one of the fastest-growing luxury brands in the market. The midsize MKZ was the brand's top seller.

Full-size sedans like the Continental are a tough sell in the U.S., where buyers tend to prefer midsize sedans or SUVs. U.S. sales of Lincoln's current full-size sedan, the MKS, fell 24 percent last year.

But globally, the segment is growing, Fields says. Ford has high hopes for the Lincoln brand in China, where it's opening dazzling new dealerships complete with waterfalls. Ford began selling Lincolns in China late last year, and the company will open more than 20 dealerships there this year.

The concept car being unveiled Monday in New York is painted a deep Prussian blue, an homage to Continentals of the 1950s and 1960s. But there are few other references to its history.

Lincoln's split-wing grille, a feature that dates to the 1940s, has been replaced by a tight, rectangular mesh grille, its shiny chrome patterned with tiny versions of Lincoln's rectangular logo. The sides are smooth; even the door handles are hidden within a narrow strip of chrome at the beltline.

The concept is a technology showcase. The driver's seat has a patented split cushion, so if the driver holds one leg out further than another, it will support each leg separately. The moonroof glass turns opaque with the touch of a button. Another button automatically moves the front passenger seat forward and fully reclines the rear passenger seat. That's another nod to China, where luxury car owners often have their own drivers.

Under the hood is a 3-liter V6 EcoBoost engine that's unique to Lincoln. Ford isn't yet revealing more details, like whether the car is front- or rear-wheel drive. The Continental switched to a front-wheel-drive sedan in the 1980s, but many of its current competitors — the Infiniti Q70, Mercedes Benz S-Class and Lexus LS — are rear-wheel drive.

The Continental is expected to replace the seven-year-old MKS, which currently sits atop Lincoln's car lineup.


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Cook calls 'religious objection' laws dangerous

NEW YORK — Apple CEO Tim Cook said that so-called "religious objection" legislation being introduced in a number of states is dangerous and bad for business.

The bills, like the one enacted last week in Indiana, create a legal framework for individuals, mostly business owners, to claim that a law or regulation mandated by the government infringes on their religious beliefs.

In an op-ed piece for The Washington Post, the leader of the nation's largest corporation said that the bills under consideration "have the potential to undo decades of progress toward greater equality."

He cited actions taken by lawmakers in Texas, Indiana and Arkansas, but said that a "wave of legislation" has been introduced in more than two dozen states.

Cook said he was opposing the legislation on behalf of Apple Inc. He came out as gay in October, saying that he wanted to make a difference for others.

In a letter he wrote then, Cook said, "there are laws on the books in a majority of states that allow employers to fire people based solely on their sexual orientation. There are many places where landlords can evict tenants for being gay, or where we can be barred from visiting sick partners and sharing in their legacies. Countless people, particularly kids, face fear and abuse every day because of their sexual orientation."

Cook said in his criticism of religious objection laws that he has great respect for religious freedom, but that it can never be "used as an excuse to discriminate."

The legislation is not a political or religious issue, but rather "about how we treat each other as human beings," Cook said.

"Opposing discrimination takes courage. With the lives and dignity of so many people at stake, it's time for all of us to be courageous," Cook said.


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JetBlue computer outage causes delays for passengers

NEW YORK — A computer outage that caused delays for thousands of JetBlue Airways passengers early Monday morning has been resolved, the company said.

JetBlue Airways said it had fixed a systemwide computer problem by 6:15 a.m. Eastern that has caused delays because the airline had to manually check in passengers.

NBC News reported that the airline had to issue handwritten boarding passes to passengers at many airports.

The company said in an email that passengers might experience delays throughout the day. It did not specify how long it would take to work through delays and get operations back to normal.

The airline did not immediately respond to inquiries on how many flights were affected, but passengers at airports in Boston; Orlando, Fla., and Washington, D.C., took to social media to report long lines and delays.

A list of flights on the website of New York's John F. Kennedy International Airport, JetBlue's busiest airport, showed delays of 60 to 90 minutes for early morning flights and numerous delays but there were shorter delays for more recent flights.


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Mad*Pow forum mixes health care, design, tech

Written By Unknown on Minggu, 29 Maret 2015 | 20.25

As co-founder and chief experience officer at Mad*Pow, a Portsmouth, N.H.-based company that has offices in Boston, Amy Cueva focuses on "human-centered" design that "involves people — the ones who'll be affected by the solutions we create — in the creative process."

But the health care industry is "a little behind" in how it uses design, Cueva said, because organizations such as hospitals and insurance companies, by their very nature, are risk-averse. So when she realized there was no forum that specifically addressed the overlap of health, design and technology, she created one.

This Wednesday and Thursday, about 500 designers, doctors, nurses and entrepreneurs from around the world will gather at the Westin Hotel in Boston's Seaport District for the fifth Health Experience Refactored conference.

"In the health care industry, one of the most complex problems is getting people to change their behavior," Cueva 
said. "We're telling people they need to lose weight, exercise more, eat better, watch their blood pressure. But behavior change really involves the overlap of design, technology and psychology. What leads to lasting change is finding out what people 
really want in their lives."

Cueva recalled one man who was diabetic and so overweight that he needed to use a wheelchair. He wanted to attend his daughter's wedding, but it was going to be held on a beach, which wouldn't be wheelchair-
accessible.

"So we designed a digital diabetic weight-loss program in partnership with Joslin Diabetes Center in Boston," she said. Mad*Pow took the classroom material from the center's weight-loss program and put it online, with videos and a social network for diabetics in the program.

"It was effective in supporting diabetic weight-loss," Cueva said. "Now, Joslin is exploring how to get that technology in the hands of other hospitals and clinicians so that it can help other patients."
Another of the 50 speakers at the conference is Jon Michaeli of MediSafe, an Israeli startup that raised $6 million earlier this year to open new office space in Boston.

MediSafe created an iOS and Android mobile app and cloud-synced database to remind people when to take their medication and alert their family or caretaker if they did not.

"It's really important to have a holistic approach," Michaeli said.

Another keynote speaker, Dr. Darshan Mehta, medical director of the Benson-Henry Institute for Mind Body Medicine at Massachusetts General Hospital, will focus on how stress affects health and how meditation can counter that stress. And, to help make his point, Mehta will lead the audience in a group meditation.

"This one will be unique, both in size and the number of savvy individuals with skepticism who'll be there, which is good," he said. "I'm hoping people will see that while we're talking about technological advances, let's not forget about the simple stuff."


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Bird flu found in a top Minnesota turkey producing county

MINNEAPOLIS — An outbreak of a deadly bird flu strain spread to one of the top poultry producing counties of the nation's top turkey producing state of Minnesota, government officials confirmed on Saturday, raising fears that the that the highly contagious disease could seriously damage the industry.

The highly pathogenic H5N2 strain of avian influenza has infected a third turkey farm in the state, this time a commercial flock of 39,000 birds in Stearns county in central Minnesota. The county is No. 2 in turkey production in Minnesota and is also one of the state's top chicken and egg producers.

State Veterinarian Bill Hartmann said one of the four barns at the Stearns County farm was infected and that many turkeys in it had already died. As is standard procedure, the farm has been quarantined and the remaining birds will be killed. The discovery followed the infections of two other farms in Pope and Lac qui Parle counties of western Minnesota, which have killed thousands of turkeys.

"This is obviously a huge concern to the industry. We are very worried because of the increased turkey production in this specific area," state Agriculture Commissioner Dave Frederickson said.

Hartmann said there is no apparent connection between this flock and the previous two but investigations continue.

The announcement came one day after authorities announced the outbreak at the Lac qui Parle County farm, where the virus quickly killed 22,000 turkeys in one barn. That farm had to kill 44,000 birds in two other barns.

Scientists consider wild migratory waterfowl to be a natural reservoir for avian influenza. While they don't generally get sick from flu viruses, they can spread them through their droppings, and farm workers and rodents can track the virus into poultry barns. But top researchers say they don't know how the virus got to Minnesota or how it got into the closed barns.

The confirmation at the Pope County farm on March 5 marked the first detection of H5N2 in the Mississippi Flyway, a major wild bird migration route. H5N2 was also found within the next several days in commercial and backyard flocks in Arkansas, Missouri and Kansas. The same strain also has turned up in several western states in the Pacific Flyway.

More than 40 countries have banned poultry imports from Minnesota since the virus was first detected in the state. Frederickson urged poultry producers in Stearns County and elsewhere to do everything possible to increase their biosecurity.

"This industry is so important to the economy of Minnesota. ... It is so important for all of us to continue to reassure our trading partners that our products are indeed safe," he said.

State Health Commissioner Ed Ehlinger reiterated that this H5N2 virus poses no threat to the general public and raises no food safety concerns, but farm workers who've had contact with the infected flocks will be monitored.

Hartmann said officials were counting up how many flocks are located within the 10-kilometer-radius restricted zone around the Stearns County farm. He said all flocks within that circle are under quarantine and will be tested. Farms in a ring extending 10 kilometers farther out will be notified and asked to watch for any increased mortality in their flocks.

It's not clear why only turkey farms have been affected in Minnesota because chickens can get the disease too, Hartmann said.

Hartmann said he didn't know where this farm's turkeys normally go. The Lac qui Parle County farm supplied Jennie-O Turley Store, but a company statement Saturday said the Stearns County farm did not. The Pope County farm was a breeding operation.


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The Ticker

Fatal bird flu outbreak widens in Minnesota

MINNEAPOLIS — An outbreak of a bird flu strain that is deadly to poultry deepened yesterday when state and federal officials confirmed a third Minnesota turkey farm has been infected, this time in one of the state's top poultry producing counties.

The federal Animal and Plant Health Inspection Service said a commercial flock of 39,000 turkeys in Stearns County of central Minnesota has been infected with the highly pathogenic H5N2 strain of avian influenza, which also killed tens of thousands of turkeys at two other farms in Pope and Lac qui Parle counties of western Minnesota.

The confirmation at the Pope County farm on March 5 marked the first detection of H5N2 in the Mississippi Flyway, a major bird migration route. H5N2 also was found within the next several days in commercial and backyard flocks in Arkansas, Missouri and Kansas. The same strain also has turned up in several western states in the Pacific Flyway.

More than 40 countries have banned poultry imports from Minnesota, the country's top turkey producing state, since the virus was first detected in the state.

British Airways accounts hacked

NEW YORK — Some British Airways frequent flier accounts have been hacked, but the airline said most personal information is safe. The London-based airline did not say how many accounts were compromised, but said they have been locked down and can no longer be accessed.

The breach apparently was the result of a third party using information obtained elsewhere on the Internet, via an automated process, to try to gain access to accounts. It follows problems for hotel companies Hilton and Starwood as well as United and American airlines.


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AG developing online claims system for consumers

The state Attorney General's office is working on an online system for people to file claims when its Consumer Protection Division obtains judgments or settlements calling for restitution to consumers.

The idea of an online claims system was broached as a way to make the claims process easier on consumers in a recent Boston Herald Radio interview with Attorney General Maura Healey.

Earlier this month, Healey announced a $260,000 settlement with Isis Parenting, the Needham-based prenatal and parenting retailer that abruptly shut down last year, leaving many parents and expectant parents in a lurch. Customers still owed money for unpaid merchandise, classes and other services have been advised to start a claims process to recoup money by calling the AG's consumer hotline.

"Isis (Parenting) is the jumping-off point," Healey spokeswoman Cyndi Roy Gonzalez said. "If we can do an online claims process for Isis, then our hope is that going forward, when we have settlements of the same nature, we can put in place the same online process."

"Given that we are in 2015, it makes perfect sense," Gonzalez said. "Our whole effort right now is meeting people where they are. So if it's easier for them to do it online, we want to make that accommodation."

Isis Parenting customers who may be entitled to restitution include those who prepaid for classes never held or completed; prepaid for annual memberships after July 27, 2013; or prepaid for consultations never delivered. Customers with unfulfilled gift cards or credits issued after July 27, 2013, also may be entitled to some reimbursement.


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Revamped prayer book offers รข€¨modern take for Reform Jews

Hundreds of thousands of Reform Jews will celebrate the High Holidays of Rosh Hashana and Yom Kippur this fall with a revamped prayer book that puts a new emphasis on inclusiveness toward gays, lesbians and atheists, according to a Boston rabbi who was instrumental in the book's creation.

Mishkan HaNefesh, or "Sanctuary of the Soul," the Reform movement's first High Holidays prayer book in 37 years, includes gender-neutral blessings for transgender people and refers to God as both "Loving Father" and "Compassionate Mother," while leaving room for those who doubt that there is a God at all, said Rabbi Elaine S. Zecher of Temple Israel in Boston, who served as one of the editorial team's advisers.

"It's a monumental moment for the Jewish community because it's a beautiful work in lots of different ways," said Zecher, who also led the 2008 think tank that ultimately led to the consensus that a new prayer book for the High Holy Days was needed. "It is a recognition of the diversity of our community, a sense of welcoming for the lots of different people who come though our doors."

The prayer book — a major focus of this month's convention of the Central Conference of American Rabbis, the rabbinical arm of Reform Judaism — also includes poetry and artwork, and incorporates the writings of Henry David Thoreau and Langston Hughes with the Torah, transliterating Hebrew prayers into English so that anyone can participate, said Rabbi Denise L. Eger, who was installed as the group's first openly gay president.

"This book has had tremendous input — from rabbis, from lay people, from cantors," said Eger, the founding rabbi of Congregation Kol Ami in West Hollywood, Calif. "It takes the best of Jewish tradition and melds it with the hopes and anxieties and joys of today. The result is the product not of a top-down process, but really of a bottom-up one."

Of the first edition of 250,000 copies that will be available in June, about 150,000 already have been pre-ordered through the CCAR Press, she said, although she did not immediately have the dollar amount of sales because various discounts are available through April 1. After that, a two-volume set — one for Rosh Hashana, the other for Yom Kippur — will sell for $42, and a pulpit edition of the set will sell for $75.

"We're hoping it will go into multiple printing editions," Eger said, noting that there are about 1.5 million Reform Jews in more than 900 congregations in North America. Eventually, it also will be available electronically, she said.


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