Saturday, October 19, 2013

JPMorgan trader examined in currency probe: WSJ


(Reuters) - British authorities investigating potential manipulation in the currency markets are looking at the role of a senior trader at JPMorgan Chase & Co while he worked for another firm, the Wall Street Journal reported on its website on Monday.


The bank's London-based head of spot currency trading participated in certain electronic chat sessions while at his former employer, Royal Bank of Scotland Group PLC , that authorities have homed in on, the WSJ said.


The chat sessions were with a group of traders from other banks who were called "The Bandits' Club" and "The Cartel," the WSJ said.


Reuters reported last week that Royal Bank of Scotland had handed Britain's financial regulator instant messages sent by a former currency trader to counterparts at other banks, but could not verify the identity of the former trader.


Investigations into the $5 trillion-a-day market have broadened, with authorities in Switzerland and Britain looking into whether traders at banks sought to manipulate benchmark foreign currency rates.


JPMorgan spokesman Brian Marchiony declined comment.


(Reporting by Aruna Viswanatha; Editing by Ken Wills)



Source: http://news.yahoo.com/jpmorgan-trader-examined-currency-probe-wsj-212612179--sector.html
Category: Kendrick Lamar   eric decker   wes welker   adam levine   Kendrick Lamar Verse  

Ex-House Speaker Tom Foley dies at 84

WASHINGTON (AP) — Tall and courtly, Tom Foley served 30 years in the House when partisan confrontation was less rancorous than today and Democrats had dominated for decades. He crowned his long political career by becoming speaker, only to be toppled when Republicans seized control of Congress in 1994, turned out by angry voters with little taste for incumbents.


Foley, the first speaker to be booted from office by his constituents since the Civil War, died Friday at the age of 84 of complications from a stroke, according to his wife, Heather.


She said he had suffered a stroke last December and was hospitalized in May with pneumonia. He returned home after a week and had been on hospice care there ever since, she said.


"Foley was very much a believer that the perfect should not get in the way of the achievable," Ms. Foley wrote in a 10-page obituary of her husband. She said he believed that "half of something was better than none."


"There was always another day and another Congress to move forward and get the other half done," she wrote.


"America has lost a legend of the United States Congress," President Barack Obama said in a statement Friday, adding, "Tom's straightforward approach helped him find common ground with members of both parties."


Foley, who grew up in a politically active family in Spokane, Wash., represented that agriculture-heavy area for 15 terms in the House, including more than five years in the speaker's chair.


In that job, he was third in line of succession to the presidency and was the first speaker from west of the Rocky Mountains.


As speaker, he was an active negotiator in the 1990 budget talks that led to President George H.W. Bush breaking his pledge to never agree to raise taxes, an episode that played a role in Bush's 1992 defeat. Even so, Bush released a statement Friday lauding Foley.


"Tom never got personal or burned bridges," said Bush. "We didn't agree on every issue, but on key issues we managed to put the good of the country ahead of politics."


Also in 1990, Foley let the House vote on a resolution authorizing Bush to use force against Iraq for its invasion of Kuwait, despite "strong personal reservations and the strenuous objections of a good many" House Democrats, Bob Michel, an Illinois Republican who was House minority leader at the time, recalled Friday.


"But he granted our request for a vote because it was the right thing to do. He was that kind of leader," Michel said in a statement.


Foley was also at the helm when, in 1992, revelations that many lawmakers had been allowed to overdraw their checking accounts at the House bank provoked a wave of anger against incumbents. In 1993, he helped shepherd President Bill Clinton's budget through the House.


He never served a day as a member of the House's minority party. The Republican capture of the chamber in the 1994 gave them control for the first time in 40 years and Foley, it turned out, was their prize victim.


He was replaced as speaker by his nemesis, Rep. Newt Gingrich, R-Ga., leader of a group of rebellious younger Republicans who rejected the less-combative tactics of established GOP leaders like Michel.


Foley was defeated in 1994 by 4,000 votes by Spokane attorney George Nethercutt, a Republican who supported term limits, which the speaker fought. Also hurting Foley was his ability to bring home federal benefits, which Nethercutt used by accusing him of pork-barrel politics.


Foley later served as U.S. ambassador to Japan for four years in the Clinton administration.


On Friday, House Speaker John Boehner, R-Ohio, called Foley "forthright and warmhearted" in a written statement.


"Tom Foley endeared himself not only to the wheat farmers back home but also colleagues on both sides of the aisle," Boehner said. "That had a lot to do with his solid sense of fairness, which remains a model for any speaker or representative."


House Minority Leader Nancy Pelosi, D-Calif., called Foley "a quintessential champion of the common good" who "inspired a sense of purpose and civility that reflects the best of our democracy."


She added, "Speaker Foley's unrivaled ability to build consensus and find common ground earned him genuine respect on both sides of the aisle."


In a 2004 Associated Press interview, Foley spoke about how voters did not appreciate the value of service as party leader and said rural voters were turning against Democrats.


"We need to examine how we are responding to this division ... particularly the sense in some rural areas that the Democratic Party is not a party that respects faith or family or has respect for values," he said. "I think that's wrong, but it's a dangerous perception if it develops as it has."


Foley loved the classics and art, hobnobbing with presidents, and his steady rise to power in Congress and diplomacy. He had a fine stereo system in his Capitol office.


He also loved riding horseback in parades and getting his boots dirty in the rolling hills of the Palouse country that his pioneer forebears helped settle.


Foley studied at the feet of the state's two legendary senators, Henry M. Jackson and Warren G. Magnuson. "Scoop" Jackson was his mentor and urged his former aide to run for the House in 1964, which turned out to be a landslide year for Democrats.


Foley worked with leadership to get plum committee assignments. Retirement, new seniority rules, election losses and leadership battles lifted Foley into the Agriculture Committee chairmanship by age 44. He eventually left that post, which he later called his favorite leadership position, to become Democratic whip, the caucus' third ranking post.


Similar good fortune elevated him to majority leader, and the downfall of Jim Wright of Texas lifted him to the speaker's chair, where he served from June 1989 until January 1995.


"I wish I could say it was merit and hard work, but I think so much of what happens in a political career is the result of circumstances that are favorable and opportunities that come about," Foley told the AP in 2003.


He said his proudest achievements were farm bills, hunger programs, civil liberties, environmental legislation and civil rights bills. Helping individual constituents also was satisfying, he said. Even though his views were often considerably to the left of his mostly Republican constituents, he said he tried to stay in touch.


Sen. Patty Murray, D-Wash., tweeted Friday, "Tom Foley was a tireless, dedicated public servant for WA & the nation. I wouldn't be where I am today w/o his support. He'll be missed."


Cathy McMorris Rodgers, R-Wash., the No. 4 House GOP leader who holds Foley's old eastern Washington seat, called him "an honorable leader and colleague" who was "highly regarded and respected by Democrats and Republicans."


After leaving Congress, he joined a blue chip law firm in Washington, D.C., and earned fees serving on corporate boards. Foley and his wife, Heather, his unpaid political adviser and staff aide, had built their dream home in the capital in 1992.


In 1997, he took one of the most prestigious assignments in diplomacy, ambassador to Japan. A longtime Japan scholar, Foley had been a frequent visitor to that nation, in part to promote the farm products his district produces.


"Diplomacy is not, frankly, very different" from the deal-making, consensus-building and common courtesy that a successful politician needs, he said.


His father, Ralph, was a judge for decades and a school classmate of Bing Crosby's. His mother, Helen, was a teacher.


Foley attended Gonzaga Preparatory School and Gonzaga University in Spokane. He graduated from the University of Washington Law School and worked as a prosecutor and assistant state attorney general and as counsel for Jackson's Senate Interior Committee for three years.


Then came the long House career.


Cornell Clayton, director of the Foley Institute for Public Policy at Washington State University, said that growing up during the Depression and World War II made Foley part of a generation that worked in a more bipartisan manner.


"They saw us all on the same team," Clayton said.


___


Geranios reported from Spokane, Wash. Associated Press writers Matthew Daly, Libby Quaid and Henry Jackson contributed to this report.


Source: http://news.yahoo.com/ex-house-speaker-tom-foley-dies-84-155750034.html
Related Topics: Mexico vs Panama   Supernatural   us open   ellie goulding   cote de pablo  

Friday, October 18, 2013

'Castle' Creator, Michael De Luca Updating Raymond Chandler's Philip Marlowe for ABC




CAA; Getty Images


Terri Edda Miller and Andrew Marlowe with Michael De Luca



Castle creator Andrew Marlowe is bringing Raymond Chandler's famed detective Philip Marlowe back to life.



The showrunner behind the Nathan Fillion starrer is teaming with Castle writer/consulting producer Terri Edda Miller and prolific producer Michael De Luca (The Social Network) for an untitled Philip Marlowe drama set up at ABC with a script commitment.


The drama is described as a smart, sexy and stylish update of Chandler's timeless character. It follows the investigations of the wisecracking, edgy and rugged private detective, Philip Marlowe, as he navigates the morally complicated world of today's Los Angeles, where the California sun casts long and dangerous shadows, and where true love can be more difficult to find that justice.


PHOTOS: Faces of Fall TV 2013


Married duo Marlowe and Miller will pen the script and executive produce via their MilMar Pictures banner for ABC Studios and Michael De Luca Productions.


Chandler's Philip Marlowe first appeared in Chandler's 1939 work The Big Sleep and went on to appear in subsequent pulp magazines, short stories and radio programs on CBS, and later NBC. The character previously appeared on TV in Philip Marlowe, Private Eye, a British mystery drama that aired on ITV in the U.K. and stateside on HBO in the 1980s. The series starring Powers Boothe was the first drama produced for HBO. ABC previously took on the character from 1959-60 with a half-hour crime series starring Philip Carey as Marlowe. The series was canceled after one season of 26 episodes. The BBC revived the radio series in 2011 with a series of Chandler's works.


Actors who have played the famed detective include Van Heflin (NBC Radio), Robert Montgomery (CBS Radio), Dick Powell (CBS Radio), Gerald Mohr (CBS Radio), Ed Bishop (BBC Radio), Danny Glover (Showtime) and James Caan (HBO's Poodle Springs movie).


For De Luca, the Philip Marlowe drama marks his latest high-profile small-screen project. The two-time Oscar winner (Social Network, Moneyball) also serves as an exec producer on Frank Darabont's upcoming TNT drama, Mob City, which debuts in December. He's prepping a remake of Shogun, a limited series for Fox, as well as a Sutton adaptation for FX with Alexander Payne; Syfy's Childhood's End; and Columbine at Lifetime, among other works.


PHOTOS: Broadcast TV's Returning Shows 2013-14


De Luca is repped by CAA and Gang Tyre. Marlowe is with CAA, Management 360 and Lichter Grossman. Miller is repped by CAA, Field Entertainment and Lichter Grossman. The Raymond Chandler estate is repped by CAA, the Ed Victor Agency in London and Greenberg Taurig.


In its sixth season, Castle remains a valuable property for ABC on Mondays. Its fifth season ranked as ABC's most-watched scripted drama among total viewers, averaging more than 12 million over 28 telecasts. 


The Philip Marlowe drama also comes as NBC rebooted Ironside, a remake of the Raymond Burr detective drama, which ran for eight seasons and nearly 200 episodes from 1967-75. The Blair Underwood-fronted drama has not fared well this fall in its Wednesdays at 10 p.m. slot, averaging a 1.2 in the key adults 18-49 demographic.


At the same time, CBS is remaking The Cisco Kid and Love, American Style, as well as NBC's new take on Remington Steele this development season.


E-mail: Lesley.Goldberg@THR.com
Twitter: @Snoodit



Source: http://feedproxy.google.com/~r/thr/television/~3/4ciToKFZVL0/story01.htm
Related Topics: tom brady   nhl   south park   abigail breslin   Daft Punk  

African contemporary art gets increased interest

LONDON (AP) — African tribal art has long been treasured by wealthy Western collectors, but increasingly the continent's contemporary art scene is the one making its presence felt at museums, auction houses and art fairs.


The trend is spurred by wealthy Africans supporting home-grown talent and European collectors searching for the next big thing. Several London galleries focused on African art have opened in the past few years, the flagship Tate Modern has set up an African acquisitions committee, and this year's sale of African art at the auction house Bonhams has passed the 1 million pound ($1.6 million) mark.


London's Somerset House is hosting the 1:54, the British capital's inaugural contemporary African art fair, this week. And the mood there is buoyant.


"People are caring more in the press, collectors are opening their doors, and museums are showing more African artists," said Mariane Lenhardt, whose Seattle-based M.I.A Gallery is selling fierce-looking, nail-studded busts by London-based sculptor Zak Ove.


Bonhams auctioneer Giles Peppiatt, whose annual Africa Now auction took in a record 1.3 million pounds ($2.1 million) this year, said he has never seen so much interest.


London now has four galleries focused on African contemporary art, three of them opening in the past three years: The more established October Gallery, an early champion of acclaimed Ghanaian sculptor El Anatsui; the Jack Bell Gallery, opened in 2010; the Tiwami Contemporary, a Nigeria-focused gallery that opened the next year; and GAFRA, only a few months old.


The Tate, home to the capital's best-known collection of contemporary art, launched an African acquisitions committee last year. Frieze, London's high-end contemporary art fair, is this week featuring two African galleries. It's a tiny figure, but double last year's total.


Market watchers say some of the excitement stems from the fast-growing economies of sub-Saharan Africa, some of whose newfound wealth is being reinvested in local artists.


Also important is the slow death of the notion that African art consists of wooden masks, carved statues, and tribal talismans, said Neil Dundas, whose South Africa-based Goodman Gallery is displaying at Frieze.


What makes this contemporary art "African" is as a question as complicated as the continent itself. Some artists, like the Ivory Coast's Aboudia, live in Africa and tackle explicitly African issues. Others, like Ove, were born outside the continent but draw on its culture to shape their work.


There are signs of new interest. Among the Africa initiates at 1:54 was Belgian industrialist Guy Ullens, known for his huge trove of Chinese contemporary art. The art baron was impressed.


"The quality is very good," he said.


The price is also relatively cheap, at least compared to art from other developing markets. Anatsui's mesmerizing metallic tapestries can sell for more than 500,000 pounds ($800,000), but many of the works on display at 1:54 — like Ove's "Black Astronaut," which features aviator goggles and an alligator head — carry a price tag of several thousand pounds.


Overall, the African art market's figures remain small compared to the millions brought in by its counterparts in other developing markets.


But Peppiatt, the Bonhams auctioneer, said the growth over the past five years had been striking.


"I just think of where we've come from, which is: 'Nowhere,'" he said.


Source: http://news.yahoo.com/african-contemporary-art-gets-increased-interest-151534294.html
Category: Marquez vs Bradley   notre dame football   Under the Dome   serena williams   princess diana  

This charming man? Morrissey book climbs charts

Copies of the Morrissey "Autobiography" lie stacked up on display at a branch of a bookstore in north London, Friday, Oct. 18, 2013. The memoir from the former frontman of The Smiths _ titled simply "Autobiography" _ is the first rock bio published under the venerable Penguin Classics imprint, home to Aeschylus, Jane Austen and Oscar Wilde. That has horrified some people in the publishing industry, but not the singer's many fans, who snapped up the book as soon as it was published Thursday. (AP Photo/Matt Dunham)







Copies of the Morrissey "Autobiography" lie stacked up on display at a branch of a bookstore in north London, Friday, Oct. 18, 2013. The memoir from the former frontman of The Smiths _ titled simply "Autobiography" _ is the first rock bio published under the venerable Penguin Classics imprint, home to Aeschylus, Jane Austen and Oscar Wilde. That has horrified some people in the publishing industry, but not the singer's many fans, who snapped up the book as soon as it was published Thursday. (AP Photo/Matt Dunham)







Copies of the Morrissey "Autobiography" lie stacked up on display at a branch of a bookstore in north London, Friday, Oct. 18, 2013. The memoir from the former frontman of The Smiths _ titled simply "Autobiography" _ is the first rock bio published under the venerable Penguin Classics imprint, home to Aeschylus, Jane Austen and Oscar Wilde. That has horrified some people in the publishing industry, but not the singer's many fans, who snapped up the book as soon as it was published Thursday. (AP Photo/Matt Dunham)







Fans of the music star and songwriter Morrisey waiting in line outside a bookshop in central Goteborg, Sweden, Thursday Oct. 17, 2013 to buy a signed copy of his autobiography. (AP Photo/TT, Bjorn Larsson Rosvall) SWEDEN OUT







LONDON (AP) — The new book by British singer Morrissey is a classic. It says so right on the cover.

The memoir from the former frontman of The Smiths — titled simply "Autobiography" — is the first rock bio published under the venerable Penguin Classics imprint, home to Aeschylus, Jane Austen and Oscar Wilde. Morrissey has said he insisted on the "classic" label as a condition of signing with Penguin.

That has horrified some people in the publishing industry, but not the singer's many fans, who drove the book to the top of Amazon's U.K. chart the day after it was published Thursday.

Jon Howells, spokesman for the Waterstones book store chain, said Friday that the book is destined to be a Christmas-season best-seller.

"In Britain, he is one of our icons," Howells said. "His is the great untold story from the '80s generation of music heroes."

The Smiths and their enigmatic, gladioli-waving singer had a huge impact in 1980s Britain with alternately giddy and melancholy songs such as "How Soon is Now" and "This Charming Man." They weren't quite so popular in the United States, where "Autobiography" does not yet have a publisher.

The quartet broke up in 1987, and Morrissey has used up some of his fans' goodwill with increasingly curmudgeonly pronouncements during his solo career.

"Autobiography" opens with a vivid, verbose evocation of Steven Patrick Morrissey's childhood as part of a sprawling Irish family in the damp, industrial northern English city of Manchester, and his awakening to the bright joys of pop music.

Fans will find mordant wit and evocative turns of phrase, while critics will see boundless self-indulgence and the absence of an editor's trimming hand in the 457-page, single-chapter volume.

Reviewers have been sharply divided. Rock critic Neil McCormack gave the book a five-star review in the Daily Telegraph, calling it "the best-written musical autobiography since Bob Dylan's 'Chronicles.'" But the Independent's literary editor, Boyd Tonkin, tired of Morrissey's "droning narcissism" and "puerile litany of grievances."

Fans though, will likely lap up the personal insights from a musician, now 54, who has long avoided talking about his private life. Morrissey has had periods of depression; he had his first serious relationship in his 30s, with a man he memorably describes as "an ex-schoolboy sadist with a flair for complicity"; he later discussed becoming a parent with a close female friend.

"Tina and I discuss the unthinkable act of producing a mewling miniature monster," writes Morrissey, ever the romantic.

There are encounters — often awkward — with other famous people, moments of drama, including a 2007 kidnapping attempt in Mexico, and episodes of the absurd. Morrissey says he was once invited to appear on the sitcom "Friends," where "I am requested to sing 'in a really depressing voice.'"

And there is the inevitable score-settling. The Smiths' former record label, Rough Trade, comes in for vitriol. So do the band's bassist and drummer, with whom Morrissey and guitarist Johnny Marr fought a bitter royalties battle, recounted at length.

A Smiths reunion seems unlikely. Morrissey reveals that Marr once suggested reforming the band. But the singer said no.

"Surviving The Smiths is not something that should be attempted twice," he writes.

___

Jill Lawless can be reached at http://Twitter.com/JillLawless

Associated PressSource: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-10-18-Britain-Morrissey/id-238af9e37c1742abaf3a53eec35b63de
Related Topics: Ed Lauter   torrie wilson   CDOT   Jesse Jackson Jr   Juan Pablo  

House GOP unveils counter to Senate debt plan

Speaker of the House Rep. John Boehner, R-Ohio, walks away from the microphone during a news conference after a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/ Evan Vucci)







Speaker of the House Rep. John Boehner, R-Ohio, walks away from the microphone during a news conference after a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/ Evan Vucci)







Speaker of the House John Boehner, R-Ohio, with House Majority Whip Kevin McCarthy, R-Calif., right, walks to a meeting of House Republicans at the Capitol in Washington, Tuesday, Oct. 15, 2013, as a partial government shutdown enters its third week. It is not yet clear how Boehner and tea party members in the House majority will respond to the Senate's Democratic and Republican leaders closing in on a deal to avoid an economy-menacing Treasury default and end the partial government shutdown. (AP Photo/J. Scott Applewhite)







House Budget Committee chairman Rep. Paul Ryan walks to a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/ Evan Vucci)







WASHINGTON (AP) — House GOP leaders Tuesday floated a plan to fellow Republicans to counter an emerging Senate deal to reopen the government and forestall an economy-rattling default on U.S. obligations. But the plan got mixed reviews from the rank and file and it was not clear whether it could pass the chamber.

The measure would suspend a new tax on medical devices for two years and take away the federal government's contributions to lawmakers' health care and top administration officials. It would also fund the government through Jan. 15 and give Treasury the ability to borrow normally through Feb. 7.

House Speaker John Boehner, R-Ohio, said he's "trying to find a path forward" but that "there have been no decisions about exactly what we will do." He told a news conference, "There are a lot of opinions about what direction to go."

Senate Majority Leader Harry Reid, D-Nev., involved in negotiations with Senate GOP Leader Mitch McConnell of Kentucky, blasted the House plan as a blatant attack on bipartisanship.

"It can't pass the Senate and it won't pass the Senate," Reid said.

The move came as a partial shutdown entered its third week and less than two days before the Treasury Department says it will be unable to borrow and will rely on a this cash cushion to pay the country's bills.

The House GOP plan wouldn't win nearly as many concessions from President Barack Obama as Republicans had sought but it would set up another battle with the White House early next year.

"The jury is still out," said Rep. Michael Burgess, R-Texas.

Rep. Walter Jones, R-N.C., said he was not sure he could vote for the plan because it did not address the debt. "I have to know a lot more than I know now," he said.

The House move comes after conservative lawmakers rebelled at the outlines of an emerging Senate plan by Reid and GOP leader McConnell. Those two hoped to seal an agreement on Tuesday, just two days before the Treasury Department says it will run out of borrowing capacity.

The White House and Democrats quickly came out against the Republican plan. Obama planned to meet with House Democratic leaders Tuesday afternoon as negotiations continue.

"The latest proposal from House Republicans does just that in a partisan attempt to appease a small group of tea party Republicans who forced the government shutdown in the first place," said White House spokeswoman Amy Brundage. "Democrats and Republicans in the Senate have been working in a bipartisan, good-faith effort .... With only a couple days remaining until the United States exhausts its borrowing authority, it's time for the House to do the same."

"GOP's latest plan is designed to torpedo the bipartisan Sen solution," tweeted Rep. Chris Van Hollen, D-Md. "Plan is not only reckless, it's tantamount to default."

Political pressure is building on Republicans to reopen the government and GOP leaders are clearly fearful of failing to act to avert a default on U.S. obligations.

Republicans are in a difficult spot, relinquishing many of their core demands as they take a beating in the polls. Rep. Steve Southerland, R-Fla., led GOP lawmakers in several verses of "Amazing Grace."

"We have to stick together now," said Rep. Pete Sessions, R-Texas.

Like the House GOP bill, the emerging Senate measure — though not finalized — would reopen the government through Jan. 15 and permit the Treasury to borrow normally until early to mid-February, easing dual crises that have sapped confidence in the economy and taken a sledgehammer to the GOP's poll numbers.

"There are productive negotiations going on with the Republican leader," Reid said as he opened the Senate Tuesday. "I'm confident we'll be able to reach a comprehensive agreement this week in time to avert a catastrophic default."

On Wall Street, stocks were mixed early Tuesday, with investors somewhat optimistic over a potential deal.

"We're willing to get the government open. We want to get the government open," Scalise said. "Hopefully they get something done that addresses the spending issue."

The competing House and Senate plans are a far cry from the assault on "Obamacare" that tea party Republicans originally demanded as a condition for a short-term funding bill to keep the government fully operational. It lacks the budget cuts demanded by Republicans in exchange for increasing the government's $16.7 trillion borrowing cap.

Nor do either the House or Senate frameworks contain any of a secondary set of House GOP demands, like a one-year delay in the health law's mandate that individuals buy insurance.

Another difference between the Democrats and Republicans involves a Democratic move to repeal a $63 fee that companies must pay for each person they cover under the big health care overhaul beginning in 2014. Unions oppose the fee and Senate Democrats are pressing to repeal it, but House Republicans are positioning to block them and Senate Republicans are adamantly opposed as well.

Democrats were standing against a GOP-backed proposal to suspend a medical device tax that was enacted as part of the health care law, but might not be able to win a floor vote since many Democrats oppose the tax too.

Democratic and Republican aides described the outlines of the potential agreement on condition of anonymity because the discussions were ongoing.

But with GOP poll numbers plummeting and the country growing weary of a shutdown entering its third week, Senate Republicans in particular were eager to end the shutdown — and avoid an even greater crisis if the government were to default later this month.

Any legislation backed by both Reid and McConnell can be expected to sail through the Senate, though any individual senators could delay it.

But it's another story in the House. Rep. Joe Barton, R-Texas, signaled that conservative members of the House were deeply skeptical. He said any bill had to have serious spending cuts for him to vote to raise the debt ceiling and said he thought Obama and Treasury Secretary Jack Lew had more flexibility than they had said publicly.

"No deal is better than a bad deal," Barton said.

In addition to approving legislation to fund the government until late this year and avert a possible debt crisis later this week or month, the potential pact would set up broader budget negotiations between the GOP-controlled House and Democratic-led Senate. One goal of those talks would be to ease automatic spending cuts that began in March and could deepen in January, when about $20 billion in further cuts are set to slam the Pentagon.

Democrats also were seeking to preserve the Treasury Department's ability to use extraordinary accounting measures to buy additional time after the government reaches any extended debt ceiling. Such measures have permitted Treasury to avert a default for almost five months since the government officially hit the debt limit in mid-May, but wouldn't buy anywhere near that kind of time next year, experts said.

The House GOP plan would repeal the extraordinary measures, which would make the Feb 7 date a hard deadline to revisit the fight.

___

Associated Press writers Donna Cassata, David Espo, Henry C. Jackson, Julie Pace and Alan Fram contributed to this report.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-10-15-Budget%20Battle/id-6daa38af517348c3b65aa723fee09a92
Tags: foxnews   Million Second Quiz   Lisa Robin Kelly   amber heard   brian wilson  

OpenStack Havana rolls out with networking, orchestration, and metering upgrades



Cloud computing infrastructure project OpenStack's new release, "Havana", its eighth major one overall, emerged from beta today with a wealth of new features. Many of those are courtesy of -- and will in turn power -- many major IT vendors, but it's unlikely any of those changes will make OpenStack more readily adoptable compared to out-of-the-box offerings from the likes of Amazon.


OpenStack has generally become the way for an enterprise to create its own private cloud solution, but its sprawl and complexity have been daunting. Vendor interest in OpenStack hasn't necessarily translated into broader interest in the three years it's been around. And since most of the changes to OpenStack in Havana are incremental -- lots of little things here and there, as opposed to a few big game-changing things -- the song remains mostly the same this time around. But the changes do show major technical additions coming in courtesy of OpenStack's roster of big-name contributors.


Networking: The previous release of OpenStack, "Grizzly," had load-balancing functionality, but Havana expands on it and adds firewall-as-a-service in addition to the previous load-balancing-as-a-service. Apparently many of these new networking features were contributed courtesy of VMware, inspired in part by work done in its vShield endpoint protection product.


Another major addition to the networking component, a plug-in named Modular Layer 2 (ml2 for short), allows OpenStack's networking to work with the layer 2 technologies found in most data centers -- e.g., Open vSwitch-- and can work with a variety of drivers for network hardware.


Orchestration: This buzzword comes up a lot in cloud-building circles; OpenStack contributor IBM describes it as "automation + integration + best practices." OpenStack sports a component named Heat, a new addition to Havana, that can talk to other components through their APIs and use templates to organize how they're put together and how they behave.


One possible point of comparison for Heat is Amazon CloudFormations, in that each can be used to create behavioral templates for cloud apps. In fact, Heat accepts files in the AWS CloudFormation template format and also integrates with common automation tools like Puppet and Chef, so it's right in line with the existing toolset and APIs that folks building clouds in Amazon already know.


Metering: One problem with creating a cloud is keeping tabs on it, whether you're charging others for the privilege of using it or gathering performance statistics for your own use. Havana features a metering and data-collection framework (codenamed "Ceilometer"), originally devised for customer billing but since expanded to include functions like alerting, for a broad range of data-collection drivers for various big data systems (HBase, MongoDB).


It's clear OpenStack is still designed most for those who already want it, rather than those who are looking for a convenient alternative to paying an Amazon tithe. Some of the easy customers for OpenStack include those already on a solution created by one of OpenStack's contributors. To wit: One of the project contributors that came somewhat late to the party but has since become one of the biggest supporters, Red Hat, has since put together its own OpenStack distribution as part and parcel of Red Hat Enterprise Linux. And IBM and Rackspace (the latter being OpenStack's creator) want to make OpenStack the platform of choice for clouds amongst their customers.


What's going to be harder to muster, though, is a real disruption of Amazon's ease of adoption and convenience of use. It's good that OpenStack hasn't stood still, but its bag-of-tools approach means its delivery as a product, rather than a framework, remains in the hands of others.


This story, "OpenStack Havana rolls out with networking, orchestration, and metering upgrades," was originally published at InfoWorld.com. Get the first word on what the important tech news really means with the InfoWorld Tech Watch blog. For the latest developments in business technology news, follow InfoWorld.com on Twitter.


Source: http://www.infoworld.com/t/openstack/openstack-havana-rolls-out-networking-orchestration-and-metering-upgrades-228979?source=rss_infoworld_blogs
Related Topics: Ed Lauter   powerball   Ios 7 Jailbreak   Ncaa Football Scores   Al Jazeera America  

Thursday, October 17, 2013

New 'Paranormal Activity' Trailer Offers First Look At Mysterious Spinoff


'The Marked Ones' trailer references Katie and Kristi, suggesting it's more connected to the main series than we'd thought.


By Kevin P. Sullivan








Source:
http://www.mtv.com/news/articles/1715755/paranormal-activity-the-marked-ones-trailer.jhtml

Similar Articles: Presidents Cup   Wentworth Miller  

World Cafe Presents: Tedeschi Trucks Band



October 17, 2013Two of the finest blues-rock musicians of their generation joined World Cafe for an outstanding session. Singer Susan Tedeschi and husband guitarist Derek Trucks joined forces in 2000 and formed the now 12-piece Tedeschi Trucks Band. Watch them perform "Made Up Mind" inside NPR's Studio A.


Source: http://www.npr.org/event/music/235647468/world-cafe-presents-tedeschi-trucks-band?ft=1&f=1110
Similar Articles: CJ Spiller   the league   clemson   aaliyah   whitney houston  

Relief around world as US avoids debt default

In this image from House Television, with partial voting totals on the screen, a woman, at the rostrum just below the House presiding officer, seen between the "yea" and "nay" wording, is removed from the House chamber after she began shouting during the vote for the bill to end the partial 16-day government shutdown and to fund the government. The woman was described by lawmakers and aides as a long-time House stenographer. (AP Photo/House TV)







In this image from House Television, with partial voting totals on the screen, a woman, at the rostrum just below the House presiding officer, seen between the "yea" and "nay" wording, is removed from the House chamber after she began shouting during the vote for the bill to end the partial 16-day government shutdown and to fund the government. The woman was described by lawmakers and aides as a long-time House stenographer. (AP Photo/House TV)







(AP) — Political leaders, investors and ordinary people Thursday welcomed the end of a U.S. government shutdown but already were looking ahead to the next round of a budget battle that brought the world's biggest economy close to default and threatens Washington's international standing.

The deal approved late Wednesday by Congress, with hours to go before the government reached its $16.7 trillion debt limit, only permits the Treasury to borrow through Feb. 7 and fund government through Jan. 15. The International Monetary Fund appealed to Washington for more stable long-term management of the nation's finances.

The standoff rattled global markets and threatened the image of U.S. Treasury debt as a risk-free place for governments and investors to store trillions of dollars in reserve. Few expected a default but some investors sold Treasurys over concern about possible payment delays and put off buying stocks that might be exposed to an American economic downturn.

IMF managing director Christine Lagarde welcomed the deal but said the shaky American economy needs more stable long-term finances.

"It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner," Lagarde said in a statement.

The Tokyo stock market, Asia's heavyweight, gained 0.8 percent Thursday. Markets in South Korea, Australia and Southeast Asia also rose.

Such relief might be only temporary without a long-term settlement, said Standard Chartered economist Samiran Chakraborty in Mumbai.

"In three months' time, this could be back again," said Chakraborty. "If this kind of pushing it back happens several times, then this comfort that the markets had over the last 20 days that a deal will be reached, that comfort may now be dead."

Also, the congressional cliffhanger might dent longer-term confidence in American government debt, a cornerstone of global credit markets, prompting creditors to demand higher interest.

"With the U.S. government's antics, the risks go up, so the cost of money could go up too," said Nick Chen, managing partner of Taipei law firm Pamir Law Group.

Big Asian exporters including China and South Korea also faced the risk of a slump in global demand if a U.S. default had disrupted other economies.

China's government, Washington's biggest foreign creditor with $1.3 trillion invested in Treasurys, welcomed the end to the standoff.

"This issue concerns many countries in the world," said a foreign ministry spokeswoman, Hua Chunyin, speaking at a regular briefing. "The United States is the biggest economy in the world. For them to handle the issue properly is to their own interest and beneficial to their own development. We welcome their decision."

China's official Xinhua News Agency issued a scathing commentary accusing American leaders of failing to address chronic budget deficits. It said their deal only makes "the fuse of the U.S. debt bomb one inch longer."

"Politicians in Washington have done nothing substantial but postponing once again the final bankruptcy of global confidence in the U.S. financial system and the intactness of dollar investment," the commentary said.

Chen Ju, an employee at a Shanghai fast food company, said she sold stocks when she heard the U.S. government shut down. She said she was ready to get back into the market but would look for safety.

"I just think the U.S. is crafty. They released all kinds of information. It made me confused about what was true or not," said Chen.

In South Korea's capital Seoul, 26-year-old college senior Lee Boo-gun said he thought the U.S. economy was going belly up and was relieved to hear that a deal was reached.

"I thought it would affect Korea's economy. The U.S. would hit Europe and then it would affect Asia," he said.

Martin Hennecke, chief economist at The Henley Group, a financial advisory firm in Hong Kong, expressed exasperation at what he said was a failure by U.S. politicians to fix underlying budget problems in the world's biggest economy.

"It's just show business, to distract from real issues and keep the public busy with nonsense," said Hennecke. "What they should negotiate is how to make a bankruptcy negotiation of the United States, because they are broke. That's the issue. It's not about some stupid debt ceiling."

China and Japan, which each own more than $1 trillion of Treasury securities, appealed earlier to Washington for a quick settlement. There was no indication whether either government had altered its debt holdings. South Korea's government has $51.4 billion of Treasury securities while Taiwan has $185 billion.

In Israel, a key American ally in the Middle East, commentators said the fight hurt America's overall image.

"There is no doubt that damage was done here to the image of American economic stability," Israel's economic envoy to Washington, Eli Groner, told Israel's Army Radio. "It's not good for the financial markets, not in the United States and not around the world."

China and other central banks might want to move assets into other currencies, said Hennecke. However, he said their dollar-based holdings are so huge they cannot sell without driving down prices.

___

AP Business Writers Kelvin Chan in Hong Kong, Youkyung Lee in Seoul and Kay Johnson in Mumbai and AP Writers Peter Enav in Taipei, Tim Sullivan in New Delhi and Tia Goldenberg in Jerusalem contributed.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-10-17-Budget%20Battle-World/id-7419baa1caed40a79f9344c2df042c3d
Tags: Naya Rivera   How To Close Apps On Ios7   What Time Does Ios 7 Come Out   Insidious 2   Ryne Sandberg  

HMV finally understands this 'internet' thing, launches UK music store app

Having filed for bankruptcy and successfully avoided closure just a week later, British high street retailer HMV is hoping a new digital storefront will help it keep the wolves from its door. Under the leadership of Hilco, the retail restructuring business that previously picked up Polaroid's brand, ...


Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/6C9mpIqC-3o/
Similar Articles: denver broncos   Cameron Bay   world trade center   vince young   Katy Perry Roar  

Art Buyers Didn't Know They Were Getting Banksy Cheap



A street vendor outside New York's Central Park sold eight prints by the mysterious British street artist who goes by the name Banksy. Some of Banksy's most recognizable works sold for just $60. Many of the pieces are estimated to be worth more than $30,000. It was part of a social experiment.


Source: http://www.npr.org/2013/10/15/234587010/the-last-word-in-business?ft=1&f=1006
Similar Articles: EBT   Scott Carpenter   Rashad Johnson  

Snorkeler Shocked To See 18-Foot Oarfish


A snorkeler off the coast of California found more than she bargained for on the ocean floor Sunday, when she saw the large eyes of an 18-foot fish staring back at her. It turned out to be a dead oarfish, a mysterious creature known to live in waters thousands of feet deep.



Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


RENEE MONTAGNE, HOST:


Good morning. I'm Renee Montagne. Believers in sea monsters have some fresh evidence. A rarely seen fish has been pulled from the ocean off California's Catalina Island. A marine science instructor was snorkeling when she spotted it lying dead beneath the water, 18 feet long, a wide pug faced oarfish that can grow much, much bigger. It looks a lot like a mythical sea serpent and it took 15 people to pull the fish from the sea. It's MORNING EDITION.


Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.


NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.


Source: http://www.npr.org/2013/10/16/235269925/snorkeler-shocked-to-see-18-foot-oarfish?ft=1&f=3
Similar Articles: monday night football   Manny Diaz   Madden 25   pharrell   Jana Lutteropp  

Staying Put: Why Income Inequality Is Up And Geographic Mobility Is Down


Most migration is driven by economics, but Americans are no longer packing up their bags in search of a better life. Journalist Timothy Noah tells host Michel Martin why income inequality is up and geographic mobility has gone down.



Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


MICHEL MARTIN, HOST:


I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, former San Diego mayor Bob Filner pleaded guilty yesterday to charges of false imprisonment and battery. We'll ask the Beauty Shop ladies to weigh in on that story as well as on other news of the week. That's in just a few minutes.


But first, we want to talk about the country's ongoing economic problems. Now recently, we've been very focused on the battle over the shutdown and the debt ceiling. But while that is going on, the country still faces the issue of stagnant wages, too little job creation and growing and pronounced income inequality. In the past, when the numbers didn't add up, many families would pack up. Americans used to be exceptional for how often they moved, writes Timothy Noah in the Washington Monthly. But that time is no more. In a piece titled, "Stay Put, Young Man," he says that the fact that Americans are not moving as often is a problem few people are talking about. And he's with us now to tell us why. Tim Noah, thanks so much for joining us.


TIMOTHY NOAH: Thank you, Michel.


MARTIN: Your recent Washington Monthly article is titled "Stay Put, Young Man." Very different from the old adage of go West, young man, which you explain. What's going on?


NOAH: Well, we used to be a country that would move to opportunity. That was one of the defining parts of the American character. Horace Greeley famously said, go West, young man, and, you know, we learn in high school that he was expressing the ethic of Manifest Destiny. But that's not quite right. What he was expressing was that the economy of New York, where he was, was in horrible shape after the Panic of 1837, which was the worst economic calamity in the United States until the Great Depression. People were literally starving in the streets. So he wasn't saying, gee, the West is something we need to settle. He was saying, get out of New York. There are no jobs here. You have to go somewhere else. And that has been the way that our economy has grown over the centuries, and it's also been the path towards equality. People have gone and found opportunity, and that's not happening anymore.


MARTIN: In the early 1950s, you say in your piece, about 3.5 percent of all American households moved from one state to another in any given year. You said that this held up through the '70s and then started to fall around 1980. You're saying that the latest available data shows that interstate migration is stuck at about 1.7 percent. This is about the lowest level in...


NOAH: Yeah.


MARTIN: ...about, what, three decades?


NOAH: Yeah. Less than half.


MARTIN: Now a lot of people would say that's because of the mortgage crisis. That they can't move because they're underwater in their homes and that they would lose money by moving. And you say that that's not true?


NOAH: Yeah. I mean, it would be a logical explanation if this was a trend that we could date back to, you know, 2008. But this has been happening for decades. It was happening when home prices were going up, and presumably, people were quite free to sell their houses and move somewhere else.


MARTIN: And you also say that some people might argue that it's because the population is aging and that older people are much - you know, it's logical. Once you put down roots, kids are in school - less likely to move than other people. But you say that's not true either.


NOAH: That only accounts for a small portion of it. And it would - it would really only account for trends in the, you know, very recent years. But it doesn't account for anything like the entire trend.


MARTIN: So what does?


NOAH: Well, I think it's two things, and one is the familiar story of income inequality. And the other is - has to do with housing prices. Incomes have been stagnant for, really, going back to the late 1970s. They've been stagnant relative to the income growth that we saw before 1979, and they have been literally stagnant for about a dozen years. Median income is now a little below what it was in the late 1990s. And you combine that with rising housing prices, then it becomes difficult for people to move to jobs because they can't afford to live where the new jobs are. I mean, we had a collapse of the housing market in the United States. But housing prices are still going up much more than income.


MARTIN: It's interesting. We reached out on Facebook, and - 'cause we wanted to hear what kinds of experiences our listeners were having. And we got, you know, hundreds of responses in a short period of time. We asked people if you wanted to move or if you couldn't afford to move. Interestingly enough, many of the people who wrote to us were people who did move. We connected with one of them. This is Daniel Blake. He's a packaging designer from Ohio, and this is what he said.


DANIEL BLAKE: I had been laid off. I was surviving on Ohio unemployment and living at my parents' house at the time. And then, eventually, I had got set up with a talent recruiter here in Chicago. And as we're getting ready for dinner, I get a call saying that I had been placed at a nine-month contract position. I have to be in Chicago the next morning. So I hustled straight to Cleveland airport and had to borrow some money from my family and came to Chicago. And I've been here for the last four years and found my beautiful wife. And everything's been great since.


MARTIN: You know, what's interesting about this is this kind of a traditional pattern of migration. You know, somebody who's in an area where there aren't a lot of jobs, there's not a lot of opportunity. So he moves to major urban area which is considered to be kind of bustling and filled with opportunity - Chicago - and it's great. But we also heard from Jacinta Baca. She lives in Mamaroneck, New York in Westchester County which is one the most expensive areas in the country. Jacinta is a single mother of two who earns $42,000 year. She wrote that she earns too much money to receive aid, but she feels trapped. You know, living paycheck to paycheck doesn't allow her to earn enough money to move. Does that sound right to you?


NOAH: Yes, that sounds to me like a very common experience. And yes, obviously people are moving, you know, but in the aggregate, people are moving a lot less than they used to. And, you know, when you look back through American history, I mean, you sort of think - American history really is the story of a succession of movements. There was the westward movement. There was the movement, in the early part of the 20th century, from farms to the cities. There was the great black migration of the early and middle 20th centuries. There was the move to the Sunbelt in the 1970s. That was really the last time people were, in large numbers, moving to jobs. People are still moving to the Sunbelt today, but now it's not moving to jobs. They're moving there for the warm weather or for the cheaper housing.


MARTIN: Well, it's interesting because you would think that because Jacinta lives in the New York area, which you'd think would have a lot of opportunity, she's saying she would prefer to leave. She would prefer to leave this high-cost area and move somewhere else, but she cannot. That's a point that you make in the piece. You say that people are actually moving out of the wealthiest states today. You say that Maryland has the highest median household income at $70,000 year, but 8,000 more people moved out last year than moved in. Now some would argue that that's because it's a high-tax state. It's a state with a liberal-progressive, if you will, political tradition. The Democrats dominate all levels of government, and some would argue it's because it's a high-tax state.


NOAH: Right, well, and that is a conservative argument, that all is being driven by taxes. And they're mostly talking about income taxes. Now, of course, the problem with attributing it to income taxes is the people we are talking about, who are mostly moving less, are people who are not affluent enough to really be pinched very much by income taxes. They are pinched by other kinds of taxes - regressive state taxes, sales taxes and so on - and that may be a factor. But, you know, states that don't have high income taxes tend to depend more rather than less on those regressive taxes. So I think taxes are unlikely to be a significant factor here.


MARTIN: So why are more people moving out of Maryland than moving in, in your opinion?


NOAH: Because it's expensive to live there. It's very expensive to live there and because the opportunities available in Maryland are limited to high incomes. You know, let's look at Maryland. Let's look at Baltimore City - used to be Sparrows Point was a major employer of working-class people. Now it's shrunken down to - I don't how big the workforce is there now. I think it's close to nonexistent. One of the reasons that Maryland is so affluent is because in the Washington suburbs, you have so many professionals - lawyers and others, lobbyists, and others who are making, you know, hundreds of thousand of dollars, occasionally millions of dollars. Not - the Washington area really isn't a place with, you know, many billionaires, but it's got quite a lot of extremely affluent people, enough so that the median income is higher in Maryland than anywhere else.


MARTIN: So you're saying that the cost of living is higher in places with higher incomes. And, well, even though there might be some economic opportunity there, the mismatch is such that people who make less need to move. And even if they're moving to places, you're saying they're moving to places with even lower incomes just to get a lower cost of living.


NOAH: Yes. When an individual state is experiencing economic growth or prosperity, that economic growth and prosperity is not shared as widely as it used to be. Therefore, if I'm a plumber and I want to move to San Jose - yeah, plumbers in San Jose probably make a little more than they do in other places. But they don't make a lot more, and the housing is a lot more expensive. The opportunities in a place like Silicon Valley are for software engineers, not for everybody.


MARTIN: So what's the answer to this? I mean, your argument is that this trend supports the growing income inequality that many people have talked about in his country. Now, obviously, there is a political disagreement about whether this is a real problem or not, or whether this is - is this a problem or just a circumstance?


NOAH: Well, I would start by saying, this is a - this is an illustration of why income inequality is destructive for the country. There might be some people who don't think income inequality is a problem. But I doubt there are very many people who would say that it's okay that people are no longer migrating to where the opportunities are. I mean, that's just bad economics. And so I think that it's a very vivid illustration that income inequality really is very destructive to the economy at large. What to do?


You know, I'm kind of new to this subject. I didn't even know that this trend existed until a couple of months ago. But certainly, you know, I wrote a book about income equality and proposed a lot of solutions to reducing income inequality. And I think those remain relevant. We need to raise taxes on higher incomes. We need to improve our education system. We need to revive the labor movement. Those are just three things. I also think - you know, this is a little more pie-in-the-sky - but I think we need to create a federal jobs program because I don't think the private economy is capable of providing enough jobs for working-class people.


MARTIN: You can read Timothy Noah's article "Stay Put, Young Man" in the Washington Monthly. It's online now. Timothy is also the author of "The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It." And he joined us in our Washington, D.C. studios today. Tim Noah, thanks so much for joining us.


NOAH: Thank you, Michel.


Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.


NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.


Source: http://www.npr.org/templates/story/story.php?storyId=235384213&ft=1&f=46
Tags: zach mettenberger   Nothing Was The Same Leak   Chobani Recall   Colin Kaepernick   Galaxy Note 3  

Wednesday, October 16, 2013

Apartment List Acquires RentAdvisor, Bolstering Their Listings With Reviews


Last we heard from Apartment List, they had just launched their app and were aiming to take on Craigslist as apartment hunters’ tool of choice. Now the service has made its next move: acquiring the reviews site RentAdvisor, which will immediately add 20,000 reviews to the site’s listings.


The all-stock deal brings on board 12 new employees, who will remain based in Atlanta at RentAdvisor’s headquarters. RentAdvisor co-founder Jamie Gallo will be joining the management team of Apartment List.


Up until now, reviews have been a missing piece of Apartment List’s product puzzle, and one of users’ most common requests. This means that in addition to high resolution photos and floor plans, users will be able to see ratings and reviews on any given listing.


The RentAdvisor site will remain separate from Apartment List for the time being, but the two will be rolled into one next year. The team is currently working on integrating RentAdvisor’s reviews, CEO John Kobs said, with the aim to have them live on the site by late October.


“The reason we didn’t want to roll out [reviews until now] was critical mass,” Kobs explained. “We just passed 1.15 million monthly visitors, and now we’re in a place to roll it out. If you have too small of a site, and you don’t have that traffic, it could turn into more of a gripe site.”


By adding reviews to its site, Apartment List is aiming to be a point of transparency in a relatively opaque market, which could be a big selling point for apartment hunters. Previously, Kobs had pointed to the number of photos posted per listing — an average of 14.5 as of July — as their metric for transparency, as compared to competitors like Craigslist, Padmapper, or Lovely (the latter two of which have both come under fire from Craigslist for aggregating its data). Reviews are a big step up from that.


Current residents can post their thoughts on landlord issues or neighborhood safety; when they do, the landlord is notified and can respond in turn. Not everyone meets their landlord before signing the lease, and the fact that they are visible in the review process could add to Apartment List’s appeal.


Apartment List did $10 million in revenue last year and expects to double that this coming year. The goal over the next twelve months is to have a complete supply advantage over other listings sites, Kobs said.


“We have a team of people curating profiles for properties that don’t have a file online. We’re taking brick and mortar buildings that up until this point hadn’t had an online destination or home page and creating those on Apartment List,” Kobs said.


More specifically, the goal is to build a profile for every apartment in the United States. Addresses first go through a location and identity verification process, after which the team contacts the landlord via phone and email to gather data like photos, floor plans, rental rates, square footage, availability, and amenities. Once the property is online, the team periodically reaches out to the landlord to keep the information up-to-date.


Gallo said that RentAdvisor had been approached by another player in the housing listings industry previous to saying yes to Apartment List.


[Image: Flickr/Ernest Duffoo]



Source: http://feedproxy.google.com/~r/Techcrunch/~3/0v30SMuy_Oo/
Tags: calvin johnson   Dumb and Dumber 2   liberace   luke bryan   Costa Concordia  

Will Eno play to hit Broadway with some big stars

NEW YORK (AP) — A play about four people who share the same last name is coming to Broadway with some awfully big names attached.


Michael C. Hall, Toni Collette, Marisa Tomei and Tracy Letts are set to star in Will Eno's play "The Realistic Joneses" early next year. Previews are set to begin in February and an opening scheduled at a theater to be announced later for late March.


In the play, two couples both with the surname Jones discover they have more in common than just their names. Eno, who was a Pulitzer Prize finalist for his one-man show "Thom Pain (based on nothing)" also wrote "Middletown," ''Title and Deed" and "Oh, the Humanity and other exclamations," a collection of five short plays.


Collette has a Golden Globe and Emmy Award for "United States of Tara," Hall earned a Golden Globe with "Dexter," Tomei won an Oscar with "My Cousin Vinny" and Letts has won Tony Awards for acting in "Who's Afraid of Virginia Woolf?" and writing "August: Osage County."


"The Realistic Joneses" first ran at the Yale Repertory Theatre in 2012 with Letts aboard. Sam Gold also returns to direct the Broadway version. The producers include Jeffrey Richards, Jerry Frankel and Jam Theatricals.


___


Mark Kennedy can be reached at http://twitter.com/KennedyTwits


Source: http://news.yahoo.com/eno-play-hit-broadway-big-stars-161819070.html
Category: Naya Rivera   revenge   seahawks   iOS 7 download   Teen Choice Awards  

Government shutdown: Boehner's effort collapses in House (Los Angeles Times)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS and RSS Feed via Feedzilla.
Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/334327746?client_source=feed&format=rss
Similar Articles: Spring High School   futurama   Breaking Bad Season 6   Maria Mitchell   Boston Magazine  

Intel 3Q profit unchanged, but beats predictions

NEW YORK (AP) — Intel said Tuesday that its third-quarter net income was unchanged, stymied by a continued slump in global PC demand.

The chipmaker earned $2.95 billion, or 58 cents per share, compared with $2.97 billion, or 58 cents per share, in the same quarter of 2012.

Revenue also was unchanged at about $13.5 billion.

The drop in PC-related sales came amid another decline in PC shipments. Intel supplies chips for about four out of every five PCs. The rest come from Advanced Micro Devices Inc., which reports financial results on Thursday.

IDC said last week that worldwide PC shipments fell nearly 8 percent during the third quarter, to 81.6 million, while fellow market research firm Gartner Inc. put the decline at almost 9 percent, to 80.3 million. The two firms define PCs slightly differently. The drop marked the sixth-straight quarter of decline for the industry, as computer makers, and the companies that supply them, try to reshape themselves amid the continued shift toward tablets and smartphones.

Intel CEO Brian Krzanich said on a conference call with investors that while consumer demand in emerging markets was sluggish during the recent quarter, the company started to see early signs of improvement in North America and western Europe. He attributed that to the company's growing product lineup.

Intel's results for the quarter, which ended Sept. 28, beat Wall Street predictions. Analysts polled by FactSet expected a profit of 53 cents per share on revenue of $13.4 billion.

Revenue at the company's personal-computer business fell 3.5 percent to $8.4 billion because of a drop in the number of chips sold, while data center revenue increased 12 percent to $2.9 billion, helped by both higher prices and higher volumes.

For the fourth-quarter, Intel projected revenue of $13.2 billion to $14.2 billion. Analysts were looking for $14.0 billion.

Shares of Santa Clara, Calif.-based Intel Corp. fell 59 cents, or 2.5 percent, to $22.80 in extended trading after the release of results.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-10-15-Earns-Intel/id-6ddd69b8995948009e8420b4fc9434a5
Category: nfl   justin timberlake   Rafael Caro Quintero   megyn kelly   Riley Cooper  

Iranians mock Israel PM's jeans remark on social media


Tehran (AFP) - Iranians hit back at Benjamin Netanyahu's suggestion that they were banned from wearing jeans and listening to Western music, mocking the Israeli premier's comments on social websites Monday.


In an interview with BBC Persian television broadcast Saturday, Netanyahu had said "if Iranians were free, they would wear jeans and listen to Western music."


Netanyahu has sought to portray Iranian President Hassan Rouhani -- a moderate elected in June -- as a "wolf in sheep's clothing" in order to maintain international pressure on Tehran over its nuclear programme.


But his comments about jeans and music brought a storm of online mockery from Iranians. By Sunday a Facebook page called "Our jeans in Netanyahu's face, Bibi watch out" had appeared, posting dozens of pictures of young Iranians wearing jeans.


Many young women in Iran wear Western clothes despite a strict Islamic dress code which requires them to cover their hair.


While some Western music, such as rap, is not available in licensed music stores, many young people download foreign artists' work.


By Monday, the page had attracted more than 600 followers, with hundreds of comments.


"He thinks he saw our bomb but he hasn't seen our jeans," one user wrote, referring to Netanyahu's repeated allegations that Iran is trying to acquire nuclear weapons, charges denied by Tehran.


"Even our ancestors wore jeans," another netizen wrote, posting a photoshopped picture of an Achaemenid soldier from 500 BC wearing jeans.


One post showed a photograph of young blue jean-clad fighters during the 1980-1988 Iran-Iraq war.


On Twitter, Iranians posted even more pictures of themselves wearing the supposedly-forbidden jeans and enjoying Western music.


One user uploaded a picture of himself wearing jeans and listening to an album by Australian pop star Missy Higgins.


"Here are my jeans and here's my Western music, idiot!" he tweeted.


Saaman Zahedi posted a picture of himself with a friend in front of a satellite dish with the comment: "here are our jeans, Netanyahu. So shut it," using the hashtag #jeans and #iran.


In the same BBC interview, Netanyahu said Iran’s presidential election was not free and that its people would not have elected Rouhani if they had a real choice.


Rouhani, a moderate cleric, beat his conservative rivals to win the presidential election in June.


He has pledged to reduce online restrictions so that "we are able to access these social network sites" within certain "moral frameworks."


But on Monday Iran's Telecommunications Minister Mahmoud Vaezi said "the ban on networks such as Facebook and Twitter was not supposed to be lifted," despite the presence of accounts affiliated with senior Iranian officials.


When asked about such officials, Vaezi simply replied: "You should ask them."


On September 17, the two networks became briefly accessible, but later Iranian officials explained this had been due to "technical glitch."


Rouhani has launched a diplomatic offensive over Iran's contested nuclear programme aimed at assuaging fears Tehran is trying to develop an atomic bomb.


But Netanyahu has remained deeply sceptical of Rouhani's intentions, insisting that Iran is still a major threat to the Jewish state.


Officially, more than 30 million of Iran's 70 million population have access to the Internet.



Source: http://news.yahoo.com/iranians-mock-israel-pms-jeans-remark-social-media-134207770.html
Tags: Olivia Culpo   kris jenner   Joy Covey   houston texans   school shooting