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China's inflation stays at 2.3 percent in July

Written By Unknown on Sabtu, 09 Agustus 2014 | 20.25

BEIJING — China's consumer price index rose 2.3 percent in July from a year earlier, well below the ruling Communist Party's 3.5 percent target for the year.

The latest inflation rate was unchanged from June, according to data released Saturday by the National Bureau of Statistics.

The rise in the index was driven largely by higher food prices, which increased by 3.6 percent. Prices for fruits and eggs rose the fastest.

Experts expect the inflation to stay stable this year, leaving room for interest rate cuts or other measures to stimulate the economy if necessary.


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Boston trackers chart outbreak

HealthMap.org, a high-tech infectious disease tracking system run by Boston epidemiologists, has emerged as a critical tool in the battle against Ebola in West Africa — tracking its rapid and unusual spread ahead of official reports by monitoring thousands of local news and social media sources.

'It's been doubling up for months now," Harvard Medical School professor John Brownstein, co-founder of HealthMap, said about the rising Ebola numbers, with nearly 2,000 cases and nearly 1,000 deaths. "These things are generally fairly well contained in time and space, but this wasn't. June is when the cases really started to pile up."

HealthMap, run by Boston Children's Hospital researchers, began tracking the current outbreak March 19 when it picked up on local news reports from Kenya.

The group started putting out alerts and feeding information to the World Health Organization, which reported its first confirmed case March 23. Since then, the HealthMap team has created an interactive Ebola map.

"Part of our effort is not just to help governments, but also to give people a better idea of what's happening," Brownstein said. "This type of tracking is an important piece to understanding what's happening in places without very good public health infrastructure."

When HealthMap was launched in 2006, it was met with some skepticism from some epidemiologists, co-founder Clark Freifeld said, because its information, while fast, is not officially verified like World Health Organization alerts. But, he said, "Now this type of stuff is almost taken for granted in the field, and there's a lot more people doing work with these sources."

Dr. Brad Crotty, a clinical informatics expert at Beth Israel Deaconess Medical Center who is not part of HealthMap, said there is still work to be done to tune out "background noise" — inaccurate or misleading information.

"You can get early signs, but they're not always right," Crotty said.

Sumiko Mekaru, who oversees HealthMap operations, said it's meant to complement traditional public health reports, not replace them.

"It's not the gold standard, but we get things close and we get things fast," she said.

Members of the HealthMap team are now working on software that will allow researchers to forecast where an outbreak is headed and when, and plan to test a model this coming flu season.


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Ex-Microsoft manager: 2 years for insider trading

SEATTLE — A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader was sentenced Friday to two years in prison for insider trading.

The U.S. attorney's office says the two men made $415,000 from three trades.

Brian Jorgenson, 32, was a senior manager in Microsoft Corp.'s Treasury Group when he provided the information to his friend Sean Stokke, 28, of Seattle, according to documents filed in U.S. District Court. They were accused of trading on three corporate developments: two quarterly earnings reports and Microsoft's 2012 investment in Barnes & Noble Inc.

"I cheated," Jorgenson told the court Friday. "I tried to take a shortcut for my own financial gain ... I persuaded myself it was a gray area, when it clearly was black and white."

Jorgenson's codefendant, Stokke, was sentenced last month to 18 months in prison.

"Western Washington abounds in publicly traded companies with thousands of insiders who have daily access to market-moving information," U.S. Attorney Jenny Durkan said. "The sentence in this case should serve as a warning to others who might be tempted to engage in this conduct."

The pair accumulated Barnes & Noble stock options in advance of Microsoft's announcement that it was investing in the company's digital book business, the FBI said. The announcement caused Barnes & Noble's stock to jump by nearly half, and the pair made $184,000.

They are also accused of trading on Microsoft's failure to meet earnings expectations in the fourth quarter of fiscal 2013 and Microsoft's increased first-quarter profit in fiscal 2014.

Jorgenson, a married father of four from the north Seattle suburb of Lynnwood, joined Microsoft in January 2011.

When Jorgenson was charged last December, Microsoft said in a written statement that the company has no tolerance for insider trading. "We helped the government with its investigation and terminated the employee," the statement said.


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Nevada complaint seeks to require condoms in porn

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Judge grants preliminary injunction to Lionsgate over 'Expendables 3' piracy

Lionsgate was granted a preliminary injunction on Friday in its attempt to limit the scope of piracy of "The Expendables 3" after a leaked high-quality copy of the film showed up on file-sharing sites.

U.S. District Judge Margaret Morrow earlier this week issued a temporary restraining orderbarring six sites from linking or hosting copies of the movie. But she extended that to an injunction after none of them responded.

Her order also prohibits any third party from "taking any action that induces, causes or materially contributes to" the infringement of Lionsgate's copyright, including hosting, linking or providing access to such things as torrent files and trackers. She also ordered banks, payment processors and advertisers to shut down accounts connected to the sites.

In court filings, Lionsgate said that the copy of the movie was obtained through "fraudulent or otherwise unlawful means." Within days of its July 24 discovery of the leak, the film was available on hundreds of websites. As of July 31, it was downloaded 2.1 million times worldwide on peer-to-peer networks, including 247,000 downloads in the U.S., according to the studio. About 21,000 of them were in the Los Angeles area.

Lionsgate also estimates that the movie was downloaded or streamed on "hundreds of thousands, or millions" of time outside of peer-to-peer networks. The studio's contractor, MarkMonitor, sent 2,770 takedown notices, and while most complied, the studio named some of those that did not in its complaint. They include limetorrents.com, billionuploads.com, hulkfile.eu, played.to, swankshare.com and dotsemper.com.

Lionsgate said that an investigation of the leak is ongoing.

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


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Market Basket cuts hours of hundreds of part-timers

Written By Unknown on Jumat, 08 Agustus 2014 | 20.25

Hundreds of part-time Market Basket employees will be without a job come Monday as store managers scramble to keep up with the demands of the embattled grocery chain's leadership, and while the company promises there will be no layoffs, those on the front lines are telling a different story.

"They are just trying to cover themselves here. The fact of the matter is that we can't schedule these people to work, and on Monday they won't have any more shifts," said Glenn Connors, who manages the Brockton Market Basket. "We had to tell these people that they can't come back to work next week. My employees are horrified."

Store managers were notified by Market Basket co-CEO Felicia Thornton last Friday that they "need to schedule staff levels necessary to serve your current customer base and maintain store conditions," according to an email obtained by the Herald.

In the wake of the ongoing protests to reinstate fired CEO Arthur T. Demoulas, Market Basket's shelves have been nearly empty, and its customers have gone elsewhere.

With plummeting revenues, store managers are forced to make cuts, and the only option is to part ways with hundreds of part-time employees.

"It's almost like they're trying to set us up," said Scott Ivers, manager of a store in Lowell. "They told me I had to make payroll and keep the store going. If I had to do the math and make payroll, I'd have to lay everyone off. This is the only way we can physically do this and even come close."

Market Basket, meanwhile, maintains managers are not being asked to lay anyone off.

"Store directors were not instructed to lay off associates, but to adjust hours to meet current demand," the company said in a statement. "It is our hope that we will be back to normal business levels in the not too distant future and all associates will be back to a full schedule."

According to the statement, Thornton also told all store managers "to let their associates know that they are not laid off."

Semantics didn't matter to Matt Forrest, 21, a grocery clerk who works summers at a Lowell Market Basket to help pay his way through college.

"It's really stressful for me because I'm a student and I have to buy books and get ready for school. I'm just trying to get by," he said. "I've been working in this store for a while, and now I can't come in on Monday. This really is terrible."

Attorney General Martha Coakley yesterday set up a hotline for Market Basket employees to call after her office received "more than 100 calls over the last 24 hours," according to a statement. Coakley and New Hampshire Attorney General Joseph Foster sent a letter to Market Basket brass to remind them of the laws regarding worker termination.


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Logan employees hold rally for higher wages, union

Mobilizing to form a union in a quest for "livable wages," service workers at Logan International Airport rallied yesterday, flanked by Democratic pols, including gubernatorial candidates Attorney General Martha Coakley and state Treasurer Steve Grossman.

Employees who work for contractors secured by airlines, including cabin cleaners, wheelchair assistants and baggage handlers, make as little as $8 an hour with few, if any, benefits, and are fighting for increased pay and a "livable wage," said Roxana Rivera, district leader for SEIU 32BJ.

"Workers have been playing by the rules," she said. "They have been coming to work every day to keep the airport running, now the only thing we are asking for is decent wages."

Coakley told the crowd that service employees deserve to "make a living wage and get ahead just like everybody."

Grossman said, "Let's talk to Massport. Let's talk to public officials. Every public official who is not standing with us today is standing on the other side."

Massport in a statement said it is "sympathetic to the concerns raised regarding working conditions and take them seriously. This matter is primarily one between private employers — hired by the airlines — and their workforce."


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Live large in Danvers รข€¨brick estate

A million dollars buys a lot less house these days, and it's become the going rate for two-bedroom condos in Boston's most desirable neighborhoods.

But with this brick estate at 9 Kenmore Drive in Danvers, you get a lot of house for $1.15 million — six bedrooms, six bathrooms, an attached three-car garage and almost 10,000 square feet of living space in­cluding the finished basement.

The custom Mediterranean-style house, located in a choice neighborhood near St. John's Prep, features five marble fireplaces, oak floors with inlays, tall windows and has a showpiece entry foyer and two double-height great rooms. It's set on more than a half-acre that backs up to town-owned conservation land.

The beautiful back yard features a large slate veranda leading down to a built-in heated swimming pool with a cabana. The front and back yards are landscaped with fig, peach and apple trees and many flowering bushes.

Since it was built in 1992, the home has been in the family that owned the now-closed Despina's Place, a Greek/pizza eatery on Mass. Ave. in the Back Bay.

"This isn't a house that was built to be sold, but for someone to live in for a lifetime," said owner George Tzantyos, whose relative, original owner John Gikas, passed away in 2009.

The house can support a large extended family or someone who wants live-in help, as its finished basement has a full kitchen, bathroom, laundry room, cedar closet and several bedrooms. There are twelve heating zones and central air conditioning.

It's not the easiest house to sell, admits listing agent Gail Tyrrell of Re/Max Advantage in Salem, who recently reduced the price from $1,430,000. Although it was built with high-­quality finishes, the 1990s-era colored bathroom fixtures look outdated.

"Buyers are looking for the latest and greatest finishes," Tyrrell said. "But this large home has everything else a buyer could want, all the high-end bells and whistles. To reconstruct this home today would cost well over $2 million."

But even if the kitchen could use some freshening up, it's spacious — with lots of cabinets, a central island, newer wall ovens and electric cooktop, and a glass-­enclosed breakfast room with views out to the back yard.

The soaring barrel-­vaulted grand foyer has granite floors and a mahogany bridal staircase with a large crystal chandelier.

Corinthian columns on either side of the foyer lead to formal living and dining­ rooms with inlaid hardwood floors, crown molding and floor-to-ceiling windows. The living room has a marble fireplace and the dining room a large crystal chandelier. There's also a mahogany-­lined private library with another marble fireplace.

There's a great room off the foyer with 25-foot vaulted ceilings, a marble fireplace and glass doors out to the veranda and pool and a second vaulted great room off the kitchen that also opens to the veranda.

"It's a house that can hold lots of people," Tzantyos said. "The original owner did a lot of entertaining here."


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GM issues third recall on SUVs that can catch fire

General Motors' troubles with safety recalls have surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire.

The problem, revealed in documents posted by federal safety regulators this week, is so serious that GM is telling customers to park the SUVs outdoors until they are repaired because they could catch fire when left unattended.

The vehicles will be left outside for a while. Parts won't be ready until October at the earliest, according to GM. The automaker also has ordered its dealers to stop selling the SUVs as used cars until they are fixed.

The recall covers about 189,000 vehicles in North America, mainly from the 2006 and 2007 model years. Models affected include the Chevrolet TrailBlazer, GMC Envoy, Buick Rainer, Isuzu Ascender and Saab 97-X. The recall was one of six announced by GM on June 30 that covered 7.6 million vehicles.

GM is in the midst of the biggest safety crisis in its history, touched off by the delayed recall of 2.6 million older small cars to fix faulty ignition switches. The company has issued a record 60 recalls this year covering nearly 29 million vehicles.

Before this year, GM had been reluctant to issue recalls, at times opting for lower-cost fixes for safety problems. It's been fined $35 million by the National Highway Traffic Safety Administration for lapses in reporting the ignition switch problems, which it blames for at least 13 deaths.

After the ignition switch debacle, GM did a companywide safety review, appointed a new global safety chief and pledged to recall cars quickly.

The SUV problem first appeared early in 2012 when NHTSA began investigating consumer complaints of fires in the driver's-door switches that control power windows.

At first, GM tried to address the issue with a "service campaign," where it sent letters to owners telling them that water can find its way into the switches, causing rust that can result in short circuits, overheating and possibly fires. The campaign, which wasn't a recall, extended the warranty and offered service only to vehicles that exhibited the problems. It was limited to 20 states and Washington, D.C., where salt is used to clear roads in the winter.

But in August of 2012, under government pressure, GM recalled 278,000 of the SUVs in the cold-weather states and offered extended warranties to the rest of the country. NHTSA kept investigating, and 10 months later, GM expanded the recall nationwide.

By then, NHTSA and GM had received 242 complaints, including 28 about fires. There were no injuries.

In one complaint filed with NHTSA from October of 2008, a woman reported that the alarm sounded while her 2006 TrailBlazer was parked in her driveway. When she looked outside, it was in flames. Firefighters put out the blaze and told her it started in the driver's door.

"The fire burned the entire driver's side of the vehicle, a portion of the front passenger seat and the roof," she wrote. People filing complaints are not identified by the agency.

The fix used by GM last year was to put a protective coating around the window switch circuit boards, which is less costly than replacing the switches. But starting this April, GM received complaints that the switches malfunctioned in SUVs that had been repaired. So in June, it decided to do the third recall and replace all of the switches.

"We are recalling them because the fix that we put in did not work," spokesman Alan Adler said Thursday. "We're taking care of it. We're doing the right thing."

Initially GM tried the service campaign because number of incidents was low, he said. It was limited to the cold-weather states because salty water made the switches corrode quickly and incidents were few in warmer states, Adler said.

Letters notifying owners about the SUV recall should be mailed soon. Owners will get a second letter sometime from October to December telling them when parts are available to fix the vehicles.


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Kim Kardashian and Kanye West buy big suburban mansion

We know we're a bit behind the 8-ball on this but a complicated computer snafu tied our digital hands for the last nearly 24 hours. However, in the interest of keeping up the celebrity real estate Joneses and just in case any of the children somehow missed it, celebrity gossip juggernaut TMZ swears that reality television supernova Kim Kardashian has somehow convinced her high-minded rapper husband Kanye West to drop twenty million bucks on a freshly constructed mansion in the same family friendly, equestrian oriented and guard gated Hidden Hills community where her momager Kris Jenner already lives is a large but much smaller mansion.

Don't none of ya'll misunderstand Your Mama as Hidden Hills naysayer, 'cause we're not. Just because it's not our particular cup of suburban real estate tea doesn't mean it's not a much touted, well-groomed and exceedingly affluent enclave long favored by the rich and/or famous. Should they choose, Mister and Missus Kardashian can invite neighbors who Jennifer Lopez, Drake, Leann Rimes and Eddie Cibrian, Nicolette Sheridan, and Jessica Simpson to their housewarming party and it will no doubt be a fine place to bring up their directionally named baby.

  • BUYERS:Kim Kardashian and Kanye West
  • LOCATION: Hidden Hills, CA
  • PRICE: (reportedly) $20,000,000
  • SIZE: 15,667 square feet, 8 bedrooms, 8 full and two half bathrooms.

The 3.01-acre spread, originally listed in April 2013 and last listed for $20,995,000, was previously owned by rock 'n' roll royal Lisa Marie Presley but her former mansion was torn down a few years ago to make way for a sprawling compound that includes a stone-faced manor house lovingly described in digital marketing materials as a "French Country masterpiece."

The unquestionably stately abode has 8 bedrooms, 8 full and 2 half bathrooms including a house-sized master suite with private retreat, dual bathrooms, extensive closets and dressing areas, fitness room and a private terrace with spa. Three of the mansion's eight fireplaces are in the formal living room, formal dining room and custom paneled library. Less formal family and entertainment spaces include a three island kitchen, family room, home theater with upholstered walls and a suede-walled game room with wet bar.

The fully landscaped estate has two swimming pools, two spas, two barbeque centers, two vineyards, three fountains, a sport court and rose garden, over an acre of lawn and a gated motor court bigger than a 7-11 parking lot. In addition to the main house there's a 1,050-square-foot entertainment pavilion as well as a secluded pool house/guest house with fireplace and bathroom.

Kanye still owns a minimalist apartment in lower Manhattan and a contemporary art-filled abode in the Hollywood Hills he's had on and off the market for years -- it's not currently listed on the open market -- while Kimmy sold her Bev Hills bachelorette pad in February 2013 for $3.9 million. So the scuttlebutt goes, once the full-scale and no-doubt supremely price renovations are complete, K-K intend to flip the mock-Med manse in the Bel Air Crest community they bought in January 2013 for $9 million.

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


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